American Views On the U.S. Economy
Jun 02, 2022
2 minutes
By Tom Fowdy
Copyedited by Elsbeth van Paridon
The U.S. economy is not in good shape. Already rocked by surging inflation at a rate of 8.5 percent per annum, its annualized GDP for the first quarter of the year declined by 1.4 percent, missing expectations of continued growth.
Despite this increasingly unfavorable picture, the Joe Biden
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