Semantics? Analysts unpack ‘technical recession’ as crypto markets recover

2022.07.30 03:02

Semantics? Analysts unpack ‘technical recession’ as crypto markets recover

Data from the United States commerce department suggests America has entered a technical recession, but market analysts have highlighted key metrics that suggest investors are optimistic.

The American economy shrunk for the second consecutive quarter, according to government data released on Thursday, fitting the criteria for a technical recession. The Biden Administration maintains that the U.S. is not in a recession, highlighting low unemployment rates and other metrics that counter the argument.

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