Revised GDP numbers for the second quarter ? a key indicator of financial health for the country ? have just come out, and they are disappointing for those who hoped the U.S. was improving economically. Growth was cut sharply to 1.6 percent in the second quarter, and though the drop isn’t as bad as some economists feared, many are wondering if a double-dip recession is becoming a reality. What do the new numbers mean, and what can we do to improve our situation?
We’re joined by Charlie Herman, The Takeaway’s and WNYC’s economics editor, for more on the subject.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!