The United States has dropped again

According to media reports such as AFP and CNN, government data released on the 28th showed that the US economy shrinks for the second quarter between April and June. The analysis believes that in the first few months of the key mid -term elections, the new data further exacerbated people's concerns about the decline of the US economy and increased the pressure on the Biden government.

According to data from the US Department of Commerce, the annual domestic GDP (GDP) in the United States fell by 0.9%in the second quarter, and the decrease was slightly less than 1.6%of the first quarter.

Agence France -Presse said that the negative growth of the two quarters is usually considered a strong signal of recession. Although President Biden said that he is confident that the US economy will not fall into decline, but his critics will definitely seize the report as evidence of accusing him of poor economic management.

Data show that while the US GDP shrinks for two consecutive quarters, a key inflation indicator, the personal consumption expenditure price index has remained high, has increased by 7.1%in the past three months, the same as the first quarter.

With some signs of cooling in the labor market and the sharp interest rate hike in the Federal Reserve, many economists have said that discussions about the decline in the United States are more time issues, rather than whether it will decline.

Agence France -Presse said that it was a very headache political problem for the Biden government. In recent months, as inflation has intensified, American families have worked hard to maintain their livelihood, and the support rate of presidents has continued to fall.

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