White House downplays recession fears ahead of upcoming GDP report | CNN Politics

White House downplays recession fears ahead of upcoming GDP report | CNN Politics

CNN  —  President Joe Biden’s advisers are downplaying recession fears ahead of a highly anticipated report that could show the economy shrinking for a second consecutive quarter. While there is no steadfast rule governing what defines a recession in the US, it is commonly understood to be two consecutive quarters of GDP shrinking. But a …

White House downplays recession fears ahead of upcoming GDP report | CNN Politics Read More »