As recession grips U.S., certain Illinois industries see slowdowns
(The Center Square) – As national output declined for the second quarter in a row, concerns of a recession rekindle.
The U.S. Gross Domestic Product (GDP) fell at an annual rate of 0.9% from April through June this year, pushed by high inflation as consumers cut back. Its was the second consecutive quarter of negative GDP growth in the U.S.
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