Top Economist Issues Warning as US GDP Declines Again August 1, 2022 Unipro2013main World Economy </p> <h2>U.S. Economy is Weakening much Faster</h2> <p> Former Obama official Mohamed El-Erian told CNBC Thursday that the latest GDP numbers show the U.S. economy is weakening much faster than most people expected.<br /> <br /> He added on Twitter that with an “unfavorable miss on jobless claims” combined with the negative GDP, there is a risk of “deepening stagflation and flashing red recession.”<br /> <br /> Meanwhile, lawmakers react to the surprise new spending deal reached by Senate Democrats.<br /> <br /> Credit to : NTD News</p> <p> Please support our Sponsors here :
