https://tradingeconomics.com/united-states/gdp-growth

The US economy contracted an annualized 0.6% on quarter in Q2 2022, matching the second estimate, and confirming the economy technically entered a recession, following a 1.6% drop in Q1. Private inventories and fixed investment were the main draggers in Q2. At the same time, an upward revision to consumer spending was offset by a downward revision to exports. Meanwhile, GDP growth rate for 2021 was revised higher to 5.9% compared to an initial 5.7%. Also, the economy contracted 2.8% in 2020, less than an initial 3.4% drop. For 2022 however, the Fed recently forecasted a meagre 0.2% expansion, as the strong interest rate hikes are expected to trigger a big downturn in economic activity.