US Q2 -2% GDP Growth - Recession Now Guaranteed (Patreon)

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -2.1 percent on July 1, down from -1.0 percent on June 30. After yesterday's Manufacturing ISM Report second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.7 percent and -13.2 percent, respectively, to 0.8 percent and -15.2 percent, respectively.

EU is also most definitely in a recession. 

All is not lost - by the time govts realize it in their rear looking mirrors markets have already factored it in.