BizBeat Ep. 450: Is the U.S. economy in recession or not? It's a political game!
The U.S. economy has recorded negative GDP growth for two consecutive quarters, which is the common definition of a technical recession. However, the Biden administration denies it, as they're undoubtedly aware of the role of economics in the upcoming midterm elections. In this episode of BizBeat, CGTN's Zheng Junfeng argues that U.S. politicians should prioritize people's interests, not the midterm elections and power.