The U.S. GDP data published on Thursday showed a decline of 0.9% in the second trimester. In the first, it was down 1.6%. According to the technical definition of recession, it is indicated by two consecutive quarterly declines in GDP. Thus, we can talk about its beginning in the United States, RIA "Novosti" quotes the head of the Russian Direct Investment Fund Kirill Dmitriev.

According to his assessment, sanctions against Russia, along with high inflation and disruption of supply chains, continue to have a devastating effect on the economies of the United States, European and other countries. The consumer sentiment index in the U.S. has reached its lowest value in 70 years - this suggests that their economic situation will continue to deteriorate, the expert noted. Their crisis situation is met with a reaction in the outside world - according to Dmitriev, many countries are selling U.S. government bonds.