In the second quarter of the United States, GDP atrophy 0.9% in the second quarter of the United States declined in two consecutive quarters of economic decline

China News Agency, Washington, July 28 (Reporter Sha Yanting) According to data on the 28th local time of the Ministry of Commerce, the US Ministry of Commerce showed that the actual domestic product (GDP) in the second quarter of 2022 calculated by 0.9%at annual rate, two consecutive consecutive consecutive The quarterly economy declined.

Data show that the individual consumption expenditure accounted for about 70%of the total US economy in the quarter increased by only 1.0%, of which commodity consumption decreased by 4.4%, and service consumption increased by 4.1%. The investment in non -residential fixed assets that reflect the investment in the enterprise decreased by 0.1%; the federal government spending fell 3.2%, and the expenditure of the state and local government also decreased by 1.2%; the private inventory investment dragged the quarterly economic growth of 2.01 percentage points.

Regarding the economic data in the second quarter, US President Biden issued a statement saying that as the Fed adopted action to respond to inflation, the economic decline was "not surprised." "We walk on the right path, and we will become stronger and more stable after passing this stage."

The US financial media CNBC quoted economists and said that the decline in economic decline in the past two consecutive quarters shows that the economic growth momentum has obviously weakened. The Fed's possibility of not dragging the economy into the recession at the same time is "very small." Some experts also believe that if consumers continue to maintain strong consumption and continue to invest in enterprises, they are expected to avoid economic recession.

According to recent data from the US Department of Labor, the US Consumer Price Index (CPI) increased by 9.1%year -on -year in June this year, up a new high of nearly 41 years.

In order to reduce inflation, the Federal Reserve announced 75 basis points on the 27th, which is the second consecutive interest rate hike of the Federal Reserve. Fed Chairman Powell said that there is no economic decline in the United States, and he does not think that the United States must experience economic recession, but the possibility of economic soft landing is shrinking. (Finish)

(Sha Han Ting)

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