Discussions about the recession, which implies stagnation in the economy, proceed in the USA.
The country’s Treasury Secretary, Janet Yellen, stated the US economy isn’t in recession.
“They deny that there’s a recession in the USA”
The response from Moscow to Washington was fast. Maria Zakharova, Spokesperson of the Russian Ministry of Overseas Affairs, “The White Home denies there’s a recession in the US. They stubbornly maintain their floor.” stated.
Zaharova, in a press release from her Telegram account, “Financial depressions? They only stopped utilizing the phrase. It is like the phrase ‘panic’ in the context of an financial disaster. No phrase, no downside.” used the phrases.
“Putin tax, Putin costs invented”
Based on the information of TASS, the Russian spokesperson argued that the US has omitted the phrase recession.
In the continuation of her assertion, Zaharova stated, “Earlier, buzzwords like ‘stagnation’, ‘slowdown’ helped American political tightrope walkers. Now the scenario is so dire that issues like ‘Putin tax’, ‘Putin costs’ have been invented.” he added.
Gross Home Product (GDP) in the USA decreased by 0.9 p.c in the second quarter.
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