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Capital Group | Is the US economy already in recession?

US economy, recession, macro

Is the US economy in recession or not? That’s the question on the minds of many investors as US gross domestic product (GDP) declined for two consecutive quarters in the first half of the year, a commonly cited definition of recession.

However, with consistently strong job growth, historically low unemployment and solid growth in consumer spending, that doesn’t sound like a recession most people would remember. So what’s the conclusion?