(ANSA) - NEW YORK, JUL 28 - American GDP contracted by 0.9% in the second quarter.
The figure is worse than analysts' expectations, who bet on + 0.4%.
The US government contracted by 1.6% in the first three months of the year.
For the US it is therefore two consecutive quarters of contraction of growth and therefore of recession.
Negative growth for two consecutive quarters is in fact the definition of a technical recession.
A definition that has been splitting American politics for days, with the White House minimizing as well as the Fed. Jerome Powell himself said that in his opinion the American economy is not in recession as it continues to create jobs.
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