Economic Beat: The second quarter in a row of a negative GDP reading in the U.S

How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week.

Economic Beat: Aug 1, 2022

This was the second quarter in a row of a negative GDP reading in the U.S., which many investors define as a definition of a recession. However, the official record-keeper of recessions in the U.S. is an independent committee known as the National Bureau of Economic Research (NBER). The NBER defines a recession more broadly, as a significant decline in economic activity that is spread across the economy and lasts more than a few months. While these measures are softening, the labor market remains strong. The NBER has yet to officially declare a U.S. recession. Listen to this week’s full Economic Beat update or read the transcript below.

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