ECONOMY SHRINKS AGAIN, AMPLIFYING FEAR OF RECESSION.

The article reports on the decline of the U.S.' gross domestic product (GDP) for the second straight quarter in the second quarter of 2022 that increased the possibility of a recession in the country amidst the high inflation. Based on Commerce Department data, GDP declined by 0.2% after adjusted for inflation. Also cited is the claim by President Joe Biden that the country will survive the historic global challenges.