5 ms·

We are probably already in one. Q1 GDP already shrank.

• arthurcolle 4y ago
  Recessions are definitionally 2 quarters of consecutive shrinking GDP growth so 1 quarter of shrink can not qualify as a recession
  • ako 4y ago
    If Q2 GDP also shrinks then Q1 will have been part of a recession.
  • fny 4y ago
    Base effects are also an issue.