US Plunges into Recession While US Oil Giants Reap Windfall Profits

The US economy has shrunk for two consecutive quarters, meeting one of the criteria for a recession, official figures released on Thursday suggest. Real gross domestic product (GDP) decreased at an annual rate of 0.9% in the second quarter of 2022, following a decline of 1.6% in the first quarter, according to a release published … Continue reading US Plunges into Recession While US Oil Giants Reap Windfall Profits

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