US economy shrinks for a second quarter, fuelling recession fears

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The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied businesses and housing.

The drumbeat of recession grew louder after the US economy shrank for a second straight quarter as decades-high inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied

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