Current Event 6

My current event was on the meeting the federal open market committee had on wednesday were it was expected to cut the U.S. interest rate atleast half a point. A nalysts remain skeptical that reducing it any further keep the United States from sliding into a prolonged recession.

It’s likely that Germany, France and Italy have already entered into a recession, as their second-quarter GDP fell 0.5%, 0.3% and 0.3%, respectively. Japan – the world’s second largest economy – is also dangerously close to recession, with its economy having contracted 2.4% in the three months ended June 30.