Economics

US Economy Seen Narrowly Averting Back-to-Back Contractions

Second-quarter GDP forecast to rise 0.4% after 1.6% drop
Underlying demand metrics seen weakening on inflation bite

Fed Can Avoid Recession This Year: JPMorgan's Michele

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By Reade Pickert and Olivia Rockeman

July 27, 2022 at 9:00 AM UTC

Updated on

July 27, 2022 at 3:00 PM UTC

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The US economy may have eked out modest growth in the second quarter, skirting back-to-back quarterly contractions, but rising at a tepid enough pace to feed concerns of an eventual downturn.