The Trump administration’s overhaul of the federal government, carried out in large part by Elon Musk’s government efficiency team, has left tens of thousands in Washington without a job. That’s threatening a key economic engine of America’s capital city — consumer spending.

And with signs of strain already showing, economists at Moody’s say DC could slip into a recession as soon as this year.

  • @hansolo@lemm.ee
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    152 days ago

    A recession is defined as 2 consecutive quarters of negative GDP. So, by definition, you are repeatedly wrong, and we all know it.