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Recessions are technically at the minimum 9 months, three quarters of negative growth Edit: it's two quarters as pointed out below
by ganeshkrishnan 9y ago
Recessions are technically at the minimum 9 months, three quarters of negative growth
Edit: it's two quarters as pointed out below
- adventured 9y agoRecessions in the US are almost universally defined as being at least two consecutive quarters of economic contraction / negative GDP. https://www.investopedia.com/terms/r/recession.asp https://www.investopedia.com/terms/r/recession.asp
- ganeshkrishnan 9y agoYes you are right.
- dragonwriter 9y agoRecessions in the US are defined by NBER, and while they usually include two consecutive quarters of GDP contraction, that is not always the case, and it certainly is not the definition (as GDP is not the only factor considered.) Notably, the 2001 recession did not include two consecutive quarters of GDP contraction, and while the 2007-2009 did include more than two consecutive quarters of GDP decline, they weren't at the beginning of the recession. http://www.nber.org/cycles/recessions_faq.html http://www.nber.org/cycles/recessions_faq.html
- bhouston 9y agoI said enter into. You only find out when the recession started 6 months after it has begun. So what I said is completely feasible.