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An extremely strange recession: weekly economy update

EPISODE · Jul 30, 2022 · 8 MIN

An extremely strange recession: weekly economy update

from The Week in Philly from KYW Newsradio · host Audacy

GDP estimates are in and it looks like we could be headed towards the textbook definition of a recession, albeit a very strange one. Have we seen anything like this before, a recession when the labor market and jobs numbers are this hot? We just got another rate increase, could inflation go higher or have we pretty much peaked? And gas prices continue to fall, how low could they go? Philadelphia economist David Fiorenza is on the podcast to break down the most important economic stories of the week and what they mean to you and me. 

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An extremely strange recession: weekly economy update

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