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The Independent UK
The Independent UK
National
Eric Garcia

US economy shrinks 1.4 per cent as concerns of recession rise

Recession United States
Getty

The US gross domestic product shrank at an annual rate of 1.4 per cent in the first three months of 2022 as concerns about a recession rise.

The news comes as President Joe Biden is trying to stave off anxiety about inflation. Mr Biden mostly pinned the blame on outlying factors in a statement on Thursday.

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