Tech Insider : Economy
NANJING, CHINA - AUGUST 9, 2023 - Customers shop for vegetables at a supermarket in Nanjing, Jiangsu province, China, August 9, 2023. On the same day, data released by the National Holiday Statistics Bureau showed that in July 2023, the national consumer price fell by 0.3% year-on-year. (Photo by Costfoto/NurPhoto via Getty Images)
Customers shopping at a supermarket in Nanjing, China.
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Larry Summers
Lawrence Summers, then Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC.
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A photo of a man in silhouette looking at a line chart pointing downward.
Whether or not the US is in a recession is a politically charged debate.