What is a recession? l ABC News

ABC News’ correspondent Alexis Christoforous explains what it means for an economy to be in recession.

#ABCNews #recession #economy #unemployment #prices #supplychain #FederalReserve

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20 thoughts on “What is a recession? l ABC News

  1. So US is the biggest producer of oil and also the biggest producers of crops (corn, wheat, and etc). I heard we have enough to feed ourselves and keeps economy running. So where is the breakdown? Biden administration should stop blaming war in Ukraine. Oh, also Rand Paul said "We send money to Ukraine by dooming US economy?". He also asked for the receipt in where that money is spent. Shouldn't all politicians ask same questions? hmmmm……

  2. Well captured as always mate. It's no news though that the past few weeks have seen a dip in market price for most stocks/cryptocurrency, funny enough this works for the benefit of a crypto trader, buying crypto at a lower price and trading for profit is a welcome addition to any trader. I'd strongly advise any newbie in trading to seek help from not just any trader but an established trading expert, I underwent series of trading loses I'd best not talk about before I was introduced to trading analyst Thierry Veilleux, my contact with him has been the Hallmark of this year for me, under his careful guide and his signal service I've been able to recover and even grow my trading portfolio to 8btc. Every intending trader out there should contact Thierry Veilleux. He can be reached on telegram (@Thierry_Veilleux22)

  3. I’ve been saying it would happen for months yet the news waits until the last moment to let people know. We are in a 2nd quarter of negative GDP growth. 2 quarters means a recession. We are here

  4. We are already in recession, heading into full blow depression.
    Biden is destroying the petro dollar just as Trump predicted would happen if he imposed fossil fuel restrictions. No oil…no petro dollar.

  5. This is no surprise at all,
    thanks to sleepy Joe's policies we have x2 gas and grocery prices, your 9.6% inflation and drop in annual real wages. My condolences to anyone like myself retiring this year. 30years of nonstop work just to have a crooked system swallow all your earnings.

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