Depends on your views around having consistent meanings for words to help with communication. Recession has a definition, and it is not synonymous with a certa

Depends on your views around having consistent meanings for words to help with communication. Recession has a definition, and it is not synonymous with a certain inflation rate. A lot of financially/economically aware people know this definition. However, in informal usage, and probably for many laypeople, recession has come to mean "The economy is not in good shape". In this informal regard, a high inflation rate could be argued as a not a good sign for the economy. I prefer for words to have clear definitions, so that all parties involved understand what's being talked about. But sometimes when the definitions aren't understood by the parties, it creates ambiguity and informal understandings get created.