OPINION:
Answering the question “How will we know if the U.S. economy is in a recession?” (Web, Jan. 26) requires realization of the fact that the fourth quarter’s 2.9% gross domestic product growth does not compensate for the 9.1% increase in inflation in June.
The increase in the GDP is mostly a reflection of the fact that products cost more. As personal incomes are not keeping up with inflation, consumer spending is constrained. We are still in stagflation and recessionary pressures continue.
WILLIAM T. FIDURSKI
Clark, New Jersey
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