• Kalkaline
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    108 months ago

    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

      • Kalkaline
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        58 months ago

        That’s not the point, the point is we’re not in a recession as economists define recession (not how Joe Biden defines it).

        • @basmati@lemmus.org
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          28 months ago

          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.