GDP’s second quarter loss revised to 0.6%

Updated: Aug 25, 2022 / 07:05 PM CDT

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

Loan Amount ($):

This is the total amount you're borrowing from the bank.

Annual Interest Rate (%):

This is the yearly interest rate on your loan.

Loan Term (years):

This is how long you'll take to repay the loan.

Annual Property Tax ($):

This is the yearly tax you pay on your property.

Annual Homeowners Insurance ($):

This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

(NewsNation) — A government revision in the gross domestic product shows the U.S. economy shrank less than previously estimated in the second quarter, with the GDP falling just over half a percentage point from April through June.

Although that makes two consecutive negative quarters of gross domestic product, which is typically defined as a recession, most economists say the U.S. is not even on the verge of a recession, let alone in a recession.

In the video above, Dan Roccato, finance professor at the University of San Diego, interprets the numbers.