US may already be in recession, and other top economics news
Written by Black Hot Fire Network on July 21, 2023
- This weekly round-up brings you the latest stories from the world of economics and finance.
- Top economy stories: US may already be in recession; Faster inflation in Japan may not spur looser monetary policy; China posts lower-than-expected Q2 growth.
1. Key US index points to recession
A 15th monthly fall in a row for an index tracking US business cycles indicates that the world's largest economy may already be in recession.
The 
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