Recession has a specific definition. Unless you’ve had however many quarters of negative growth or bad GDP or however the fuck economists define it then you’re not in recession.
Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.
Recession has a specific definition. Unless you’ve had however many quarters of negative growth or bad GDP or however the fuck economists define it then you’re not in recession.
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Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.