US Enters Technical Recession After Two Consecutive Negative Growths - Foreign Affairs - Nairaland
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Russian Warship Carrying Hypersonic Nuclear Bombs Enters U.S Mainland (Photos) / Thomas Schäfe Commits Suicide Over Recession Caused By Coronavirus / South Africa Slips Into Technical Recession As GDP Drops 0.7% In Q2 (2) (3) (4)
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| US Enters Technical Recession After Two Consecutive Negative Growths by HonNL: 5:11pm On Jul 28, 2022 |
US Economy in technical recession as GDP shrinks for a second quarter. Q2 GDP fell at a 0.9% annualized rate as inventories, residential investment subtract from growth after a 1.6% decline in the first three months of the year. SOURCE FLASH: US Q2 GDP fell by 0.9%, sending the US into a technical RECESSION (read: 2 consecutive quarters of GDP decline). President Biden better buckle up. Things are going to get worse. SOURCE 4 Likes 4 Shares
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Nobody: 5:17pm On Jul 28, 2022 |
End time things. 18 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:18pm On Jul 28, 2022 |
Though this started from the Trump era when he bullied the Federal reserve to start cutting interest rates, but it has not been declared a recession yet by Republican appointed Federal reserve chair Jerome Powell and the NBER that determines recession in the US. This is because of low unemployment rate and strong economic outputs. Until NBER calls it a recession then I will agree. As a matter of fact, recession is not new, it comes and goes. Trump had a recession too. 16 Likes 3 Shares
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by VeryWickedMan: 5:22pm On Jul 28, 2022 |
Lol While Russia is flourishing 59 Likes 4 Shares
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:24pm On Jul 28, 2022 |
VeryWickedMan:Don't get it twisted. Russia is struggling under the effects of sanctions, but the US economy keeps adding jobs and economic indictators are strong. 52 Likes 7 Shares
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:25pm On Jul 28, 2022 |
More on why a recession hasn't been officially called yet. Unemployment rate is at 3.6 % and falling Stock market is soaring The dollar is gaining in strenght 4 Likes
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by InsideLove(f): 5:27pm On Jul 28, 2022 |
Floorbeat: I'm telling you. Lai Mohammed would just start making unrealistic comparison with Nigeria, all to defend the failures of his master. 36 Likes 4 Shares |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by JooEeL(m): 5:29pm On Jul 28, 2022 |
WOW I THOUGHT THE SANCTION BY NOW WOULD HAVE CRIPPLED RUSSIA WHILE U.S.A WOULD BE SOARING HIGHER AND HIGHER? WHERE ARE ALL THOSE E-BOTS THAT WERE ARGUING A FEW MONTHS AGO AT THE START OF D WAR? LICKING THEIR TONGUES WHEN THE EUROPEAN POWERS GANGED UP AGAINST RUSSIA? Their calculation was wrong. I'm sure they cant even come online cos they cant afford fuel to charge their fone, lol. Dollar is now over N700 to 1; I'm sure they didnt see it coming too. Yet they told us that Nigeria will benefit from oil boom sales. These are complete mugus! 36 Likes 3 Shares
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Brendaniel: 5:29pm On Jul 28, 2022 |
jimetagambo: Oga, leave that thing, Biden is causing problems all over the world causing wars and hatred, while Trump was busy solving problems and you expect American economy not to suffer, We warned them against electing Biden they didn't listen... They hated Trump because he was not an easy push over who bends for liberals - That was his major offense to most Americans... 34 Likes 1 Share |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by inoki247: 5:29pm On Jul 28, 2022 |
This Breakfast will go round.... |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by LadyRosa(f): 5:29pm On Jul 28, 2022 |
Lol... Exactly what wouldn't have happened under Trump! 5 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by VeryWickedMan: 5:29pm On Jul 28, 2022 |
jimetagambo: You must be daft if you think I will take Russian news from a US news site during a Russia vs US war. 107 Likes 6 Shares |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by anonymous1759(m): 5:29pm On Jul 28, 2022 |
 Please IGBOFAM should come and explain. Putin is in trouble. 2 Likes 1 Share |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Didijiji: 5:30pm On Jul 28, 2022 |
APC don see excuse. Nigerians be ready for suffering PRO MAXXXX 1 Like |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by ufotty2001: 5:30pm On Jul 28, 2022 |
Why is dollar high if US has entered technical recession 2 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by NotKnown: 5:30pm On Jul 28, 2022 |
Lol. Compare that to current Nigeria and see that truly to us that's progress  2 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Splitmind: 5:30pm On Jul 28, 2022 |
See that we should be grateful for president Buhari, other countries are seriously suffering but we are alright where we are. 99 Likes 2 Shares |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by faithfull18(f): 5:31pm On Jul 28, 2022 |
Na wa oh. |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Shikena(m): 5:31pm On Jul 28, 2022 |
Buhari has done it again. 1 Like |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by bennybuhari: 5:31pm On Jul 28, 2022 |
Technical recession yet the dollars is very strong worldwide, even higher than Euro  2 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by wiseone28: 5:31pm On Jul 28, 2022 |
Russian effect 6 Likes
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| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Angelfrost(m): 5:31pm On Jul 28, 2022 |
Buhari and his cabinet will vibe to this news! How dare anyone complain of hardship in Nigeria when America is in recession!  1 Like |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Parachoko: 5:31pm On Jul 28, 2022 |
Some European countries are thinking of Nationalising power companies. VeryWickedMan: Russia Economy is not flourishing 99 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by michlins(m): 5:31pm On Jul 28, 2022 |
See as APC will use this to justify naira and dollar issues |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by treatise: 5:31pm On Jul 28, 2022 |
BritishNaija:Just like the global depression of 1929 3 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by pansophist(m): 5:31pm On Jul 28, 2022 |
Lol, why you go de sanction Russia? Now Russia had ditch petrodollar for petrorubble, you come de vex. 24 Likes 3 Shares |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by adioolayi(m): 5:32pm On Jul 28, 2022 |
Na this kain news some ediots go dey make reference to, to compare and justify their 8years of failure. Nonsense! 5 Likes 1 Share |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by Iamdbull: 5:32pm On Jul 28, 2022 |
Dbull on this one!!! No wonder have not been getting shows abroad lately 2 Likes |
| Re: US Enters Technical Recession After Two Consecutive Negative Growths by sukkot: 5:32pm On Jul 28, 2022 |
1 Like 1 Share |
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