US Economy in Recession, US President Biden in Denial
News - Middle East: When an economy contracts for two consecutive quarters one has a recession. Recession fears for the US have been ongoing for some time, and it is here, despite denial by President Joe Biden.
One of the factors which have speeded up the decline of the economy has been increasing energy prices, which have affected the prices of all goods, from food to basic supplies, leading to inflation.
The US is currently experiencing over 9% inflation something it has not experienced in over four decades.
#Biden #US Economy About 2 years-
06:31
Lebanese National News Agency: Six martyrs and 32 injured as a result of Israeli airstrikes on the Tyre district in southern Lebanon.
06:31
Lebanese Health Ministry: The death toll has risen to 3,445 martyrs and 14,599 injured since the start of the aggression on Lebanon.
05:18
Lebanon Health Ministry: 56 killed, 182 injured in Israeli aggression in past 24 hours
05:18
CNN reported US pilots and crews participating in the defense of "Israel" described the night as exhausting and their first real test.
05:18
CNN: the situation at one of the U.S. bases in the region was chaotic, with forces being moved to shelters.
