Four Signals A Recession Would Be Short And Shallow

June 26, 2022

We’ll know if the U.S. is in a recession at 8:30 a.m. on July 28th, when gross domestic product for the second quarter is released. The economy shrunk by -1.5% in the first quarter of 2022 and, if second-quarter GDP shrinks for a second consecutive quarter, we’d officially meet the definition of a recession. Watch this quick, video update!