US Economy Enters Recession as 2Q Data Miss Expectations and Contract 0.9%

The U.S. economy has officially entered into a recession after the economy in the second quarter of 2022 contracted 0.9%, according to the Bureau of Economic Analysis reported Thursday.

The economy contracted for the second straight quarter after a 1.6% decline in the first three months of this year. 

The actual data also missed expectations of 0.4% growth.

A second consecutive negative GDP meets a basic definition of recession.


Maybank Securities (Thailand) (MST) stated earlier that a recession would be a slightly more disturbing factor to the stock market. However, MST believed that with the market correction, it is a good opportunity to gradually accumulate good stocks.