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WEKU
WEKU
David Gura

U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

Economy United States Recession GDP Janet Yellen Michelle Meyer NBER White House
Workers at a construction site. (Joe Raedle/Getty Images)

The U.S. economy shrank in the last three months by 0.9%.

This is the second consecutive quarter where the economy has contracted. In the first quarter, GDP, or gross domestic product, decreased at an annual rate of 1.6%.

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