The recent GDP report has revealed that the US economy is slipping into a recession as inflation weighs on growth, but according to Morgan Stanley, this year's third quarter will see better growth.
A recession is typically defined as two consecutive quarters of negative growth, which the second quarter of the U.S. economy signified.
Following a decline of 1.6 percent in the first quarter, the gross domestic product (GDP) decreased by 0.9 percent on an annualized basis, the Commerce De...