New York Mayor: The US economy has declined Wall Street is crashing

Overseas Network, July 30. According to the news website of the New York Post, New York Mayor Eric Adams warned on the 28th local time that the US economy has entered a decline and Wall Street is collapsed.

When Adams attended a event in Stamstine, New York, "We are in an unimaginable financial crisis, Wall Street is collapsed, and we are in a decline."Relatively optimistic expressions are contradictory.

The White House had previously said that despite the slowdown, the White House is making efforts to deal with high inflation and putting the country on the right path.

According to data released by the US Department of Commerce, after the first quarter of the US GDP decreased by 1.6%month -on -month, the annualized GDP in the second quarter decreased by 0.9%month -on -month.The poor economic data performance in the next two quarters has made domestic public opinion that the domestic public opinion has "economic recession". The public is worried that the measures taken by the Federal Reserve to curb inflation will be counterproductive.(Overseas Network Li Meng)

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