The U.S. won't officially be in recession if GDP shrinks again — and here's why [MarketWatch]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
US:NYSE Investor Relations:
mizuho-fg.com/investors/index.html
Company Research
Source: MarketWatch
Since World War Two the U.S. economy has never shrunk for two quarters in a row without a recession being declared, but an exception to the rule could happen soon. Gross domestic product, the official scorecard for the economy, is on track to contract in the recently ended second quarter. GDP also declined at a 1.6% annual rate in the first three months of 2022. Typically two straight quarters of economic contraction is considered a recession, at least unofficially, but an “official” declaration of recession is not so cut and dry. For one thing, GDP is a complicated report whose headline number sometimes gives off an inaccurate portrait of the economy. Take the first quarter. GDP contracted largely because of a record U.S. international trade deficit. Americans bought piles of imports while businesses that were suffering from chronic shortages of supplies put in bigger orders for foreign goods to make sure they had enough on hand later in the year, pushing up inventories.
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MFG
Sec Filings
- 2/26/24 - Form 6-K
- 2/22/24 - Form 6-K
- 2/22/24 - Form 6-K
- MFG's page on the SEC website