New fears of recession after US economy shrinks for 2nd straight quarter | ABCNL



New data from the Commerce Department shows that the economy shrank from April to June, and what this means for Americans.

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#Recession #EconomyShrinks #ABCNLUpdate

Original source (ABC/Youtube)

28 comments

  1. Never underestimate Joe Biden's ability to F- things up

  2. The sign of recession is obvious since the begin of this year

  3. Woooooo vote for demorats!!!!!

  4. The economy is booming.
    Joe Biden is mentally fit.
    Climate change is real.
    Racism is melting the Ice Caps.
    C19 occured naturally in batsoup.
    Trust the $CIENCE.
    Trust Dr. Fauci.
    Trust Pfizer.
    Don't ask questions.
    The election wasn't Stolen.
    Your Vote counts.
    Only Government should own guns.
    Support the CIA Proxy WAR.
    Pay your taxes.
    Infanticide is contraception.
    Castrate your children.
    Drink high fructose corn syrup.
    Watch Netflix.
    Your data is secure.
    Be afraid.
    šŸ‘ļø

  5. We must destroy the money printing machines to stop further devaluation of the dollar.

  6. Okay, we're in a informal recession.

  7. "some economists say the US is already in a recession, after two consecutive quarters of negative growth [the definition of a recession]" the others are partisan liars like the clowns at ABC "News". Maybe mention all of Biden's campaign promises to deliberately destroy the domestic energy supply?

  8. Stand by Kamala…It my be your turn soon…WOOT! Sorry Joe!

  9. We are in a recession! It's not maybe ? The people living in it know what a recession is ! No banker or a president in denial is going to change it .

  10. Tough times. At least we all have universal healthcare….

  11. Beware of Scams in comments. Bull crap repeat messages. Youtube doesn't investigate and close these Spambots. Scams about cryptos and con artists investors. Bull crap repeat messages. Scams with wassap numbers. Youtube doesn't investigate and close these Spambots.

  12. US is already in recession. Some people are just delusional

  13. ABC News we are IN a recession
    Not ā€˜fearing one’ like a future possible event
    But we are IN A RECESSION
    Sorry it doesn’t suit your narrative with your guy in control

  14. We are in a recession. Biden can change the definition, but we Americans feel it in real life.

  15. With the WH changing the definition of ā€œrecessionā€, that’s confirmation that we ARE in a recession. So bad for Americans 😔

  16. It's a recession. Deal with it. But the children playing the acting parts of "leaders" won't do that. They'll change the definition of words instead…šŸ¤”šŸŒŽ

  17. Paul Krugman: We will not have a recession bc Biden is our President and of course if Trump were President then we would be in the middle of a massive depression.

  18. The USA already had 2 consecutive Qs of negative GDP growth and this means that the USA is already in recession according to the definition. Anyone saying that it is not a recession or the USA is merely in a 'technical recession' is trying to whitewash the peril and seriousness of recession.

    The first key question now is whether the recession will get worse or better from this point. The 2nd key question is whether inflation will add to the predicament of the average households in America. And yes, you are in the right direction if you think the risk of stagflation is rising here.

  19. Fears? It’s recession. Common sense told us that 4 months ago.

  20. The US is in a recession. Doesn’t matter how the White House redefines the term. They should recognize and take ownership of the current crisis, then move forward from there. Instead of more lies that makes the population distrust more. Which is hard, since very few trust the government.

  21. Dont waste your time trying to meet the market, work to master your money instead. One thing you can do is learn to use money as a tool by investing for passive income. This way whether the market goes up or down, you keep getting paid.

  22. Headed? We're IN IT, you lying trash.

  23. Put Trump in jail, everything would be fine

  24. ABC it's official, we have had two straight negative GDP quarters. We are in a recession! Why can't you just say that. How long will you cover for the incompetent Bidumb administration? You guys suck as much as Biden!

  25. Biden's planned Recession has arrived and nobody can deny it.

  26. Shrinking in 2 quarters is officially a recession, not headed for a recession. Stop running interference. J Powell is an idiot.

  27. Let’s go Brandon!

  28. Changing the definition of a recession by the BRANDON means WERE IN A RECESSION PUTTING LIPSTICK ON A PIG DOES NOT CHANGE IT FROM BEING A PIG. Papa Powell just anounced couple of months ago that there going to rollout there FED COIN (aka MARK OF THE BEAST COIN) next year https://www.youtube.com/watch?v=qaj8_uuSdAk TOTALLY CENTRALIZED. Buy your Physical Gold, Silver NOW in that order, cause next yrs going to be a bumpy ride AUDIT THE FED