The Gateway Pundit reported one month ago on May 4th that the US economy was contracting and in the early stages of a recession. Today’s numbers show that the US GDP is down six months in a row with the last high in October 2021.
BIDEN ECONOMY: Recesssion Looming – US GDP Down 5 Months in a Row – Last High Was in October 2021
We’ve reported for months that the US economy is contracting and not growing. There were signs that the economy was moving into a recession.
Today those signs continue showing the US is moving in the wrong direction leading to recession.
The IHS Monthy GDP Index shows the US GDP has decreased from last October 2021’s high. Simply put, the US economy is decreasing, not growing.
Not only is the US heading into a recession, but inflation is also at either all-time or 40-year highs and US debt is at all-time highs.
What a mess Biden has made of this economy in just a little over a year. It looks like there are difficult days ahead.