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US economy likely returned to growth last quarter

October 27, 2022

Via: ABC News

The problems have hardly gone away. Inflation, still near a 40-year high, is punishing households. Rising interest rates have derailed the housing market and threaten to inflict broader damage. And the outlook for the world economy grows bleaker the longer that Russia’s war against Ukraine drags on.

But for now anyway, the U.S. economy has likely returned to growth after having shrunk in each of the first two quarters of 2022.

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