- Is the US economy in a recession, or about to enter one? If you believe ZeroHedge and its message of doom, the answer is a clear cut yes. And technically, our favorite bears might and up being proved right. In the first quarter, US GDP fell at an annualized rate of 1.5 percent. That is, if the US economy continued on its current path, then by the end of 2022 the US economy would be 1.5 percent smaller than it was at the end of 2021.
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