Economy / FinanceNorth AmericaPolitics

U.S. Economy in Recession, Joe Biden in Denial

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When an economy contracts for two consecutive quarters one has a recession. Recession fears for the U.S. have been ongoing for some time, and it is here, despite denial by 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 U.S. is currently experiencing over 9% inflation something it has not experienced in over four decades. Biden has been trying to portray this as a temporary phase which the U.S. economy will overcome….

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