A google search still shows that a recession is generally defined as two consecutive quarters of a decline in the GDP.
Pretty soon YouTube will start flagging videos calling it a recession.
A google search still shows that a recession is generally defined as two consecutive quarters of a decline in the GDP.
I doubt that will last very long.
Recession is generally defined as two consecutive quarters of NEGATIVE GDP. If you go from +3 to +2 it is considered a decline but it’s not a recession.
Joe Biden’s GDP went from a +3 GDP to a -2 and again to -0.9. Two consecutive NEGATIVE quarters.