Second Stimulus - 2 consecutive quarters of GDP contraction in the US, a recession by rule of thumb. But unlike most previous recessions, US labor mkt still strong (lingering effect of stimulus?). Silver lining for dev/emerging economies: Fed likely to ease on rate hikes. https://t.co/ZoYq8QL835

10:17pm PDT - July 28th, 2022

2 consecutive quarters of GDP contraction in the US, a recession by rule of thumb. But unlike most previous recessions, US labor mkt still strong (lingering effect of stimulus?). Silver lining for dev/emerging economies: Fed likely to ease on rate hikes. https://t.co/ZoYq8QL835

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Waqas Aslam Rana (@WaqasAslamRana)