Money Is the U.S. officially in a recession? GDP report paints a bleak picture April 28, 2022July 28, 2022Elisabeth Buchwald, USA TODAYComments Off on Is the U.S. officially in a recession? GDP report paints a bleak picture GDP fell by 0.9% last quarter. That doesn't necessarily mean the U.S. is in a recession officially, but some say one might be on the way in 2023.