According to official statistics, in the third quarter of 2022, the US economy emerged from recession with a rate of 2.6%, but leading media and economists believe that such data does not reflect the real picture.
It is reported by Press TV.
Without income from significantly increased arms and gas supplies to European countries, the US economy would shrink by 0.2%, that is, it remains afloat only thanks to the lack of a diplomatic solution to the situation in Ukraine.
At the same time, inflation and accounts payable are hitting records, unemployment is expected to rise in the winter, and 63% of Americans are living paycheck to paycheck, the publication cites a new survey. Against this background, most experts predict the return of a recession – the so-called W-recession.
The lack of economic stability has been a major reason why polls show Democrats should lose control of Congress in the midterms. It will be even more difficult for a divided government to implement economic decisions at the federal level, and such political stagnation will increase public pessimism.
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