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US GDP fell 0.9%
US GDP fell 0.9% during the second quarter, concerns are high about the rising recession
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Gross Domestic Product GDP the decline at an annual rate of 0.9 percent in the second quarter
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According to a report, it said a 1.6 percent decline during the first three months of the year
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There are several reasons for the decline in GDP, including a reduction in the inventory, residential and nonresidential investment, and govt spending
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US economy contracted for second straight quarter from April to June, bucking a widely accepted rule for reaction
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Officially, the national bureau of economic research has declared it a recession and expansion
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But the second negative GDP reading comes from the outlook that has long been held for a recession
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GDP is the most macroeconomic measure and includes the total level of goods and services produced during a year
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The market reacts very little to the news, the shares are a little low
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Government bond results mostly declined, with the largest reduction at the end of the shorter period of the curve