As the U.S. economy slows down, fears of a possible recession grow

The U.S. economy is showing troubling signs as the Commerce Department Thursday announced it shrank at an annual rate of 1.4 percent in the year’s first quarter, something that had not happened since the pandemic recession hit in 2020. Inflation and a rise in borrowing costs are also causing concerns. Diane Swonk, of the economic services firm Grant Thornton, joins Judy Woodruff to discuss.

Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6

Follow us:
Facebook: https://www.pbs.org/newshour
Twitter: https://www.twitter.com/newshour
Instagram: https://www.instagram.com/newshour

Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe