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A common definition of 'recession' is a period of two or more quarters of negative GDP growth. Early 2016 saw 0.5-0.6% growth. The dip isn't a coincidence, but
by systoll 8y ago
A common definition of 'recession' is a period of two or more quarters of negative GDP growth. Early 2016 saw 0.5-0.6% growth.
The dip isn't a coincidence, but we didn't quite cross the 'reccession' threshold.
- NeedMoreTea 8y agoNot sure about in the US, but the dot com bust wiped out IT work and contracting in the UK for a couple of years, but did not translate into a recession for the UK economy. It was very much of the sector. So here 2001/02 didn't count as recession, just a little local crisis, even though friends and I were wondering where the next meal was coming from.