• PatMustard@feddit.uk
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    9 months ago

    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.

    • dangblingus@lemmy.dbzer0.com
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      9 months ago

      They’ve changed the definition of recession like 5 times in the past 3 years. We’ve had numerous consecutive quarters with negative GDP growth.

      • PatMustard@feddit.uk
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        9 months ago

        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.