The White House is going into full spin mode ahead of a government report that could show the United States economy is experiencing a recession.
What is the background?
The U.S. economy shrank 1.6% in the first quarter of 2022, according to the Bureau of Economic Analysis.
Economic forecasts for the second quarter are split. Bloomberg's experts, for example, forecast a meager 0.5% growth, while Goldman Sachs economists predict 0.7% growth.
