ex-President Trump
Today
, 07:10 PM
Today
, 07:42 PM
When did the definition of recession changed and to what definition?
Real gdp growth
https://www.statista.com/statistics/...gdp-in-the-us/
https://www.investopedia.com/terms/r/recession.asp
Quote:
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.
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.
So based on common knowledge and not on maga invention , no recession yet in the last 2 years .
Ps:but your welcom to post what you think they changed ……..
Last edited by Montrealcorp; Today at 07:51 PM.
Today
, 07:59 PM
I know that .
But even in general term , 2 negative consecutive quarter is a good proxy that still is valid .
Let’s keep it simple for those who aren’t expert aka vaccine definition too
Like said previously, we know which camp he is .
But even in general term , 2 negative consecutive quarter is a good proxy that still is valid .
Let’s keep it simple for those who aren’t expert aka vaccine definition too
Like said previously, we know which camp he is .
Today
, 08:35 PM
Sure, you can point to the 2 consecutive quarters with a negative GDP growth that happened in 2022, but it wasn't a recession according to the NBER since it wasn't a large decline and other economic indicators were very positive. It truly doesn't matter whether it's termed a recession or not, except that they so badly need to say it was for their propaganda. Calling it a recession or not doesn't change a single thing about the economy. It's nothing but a semantic argument to try to justify their propaganda.
