What Is a Recession?
A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions.
Current GDP data
What Is a Recession? A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions. Current GDP data
GDP, according to the economist that invented GDP, is not a measure of economic health
That’s not the point, the point is we’re not in a recession as economists define recession (not how Joe Biden defines it).
That’s nice dear, reality isn’t what the government says it is, and has never been anywhere near anything an economist has ever said.