The news on Thursday that gross domestic product (GDP) contracted for two straight quarters intensified fears the U.S. is entering a recession. Earlier this week, former Home Depot CEO Bob Nardelli suggested the country has indeed fallen into a recession — albeit an unusual one.
In a wide-ranging interview for Yahoo Finance’s “Influencers with Andy Serwer,” Nardelli contended that the U.S. is still experiencing a downturn even though consumer spending has remained relatively high.
“I’ve said…
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