3 ms·
Is it 1984 yet? The standard definition of “recession” has been changed.
by tamaharbor 4y ago
Is it 1984 yet? The standard definition of “recession” has been changed.
- melling 4y agoNo, people often disagree on the definition. https://www.fool.com/the-ascent/personal-finance/what-is-a-recession/ https://www.fool.com/the-ascent/personal-finance/what-is-a-r...
- ohiovr 4y agoOften as of July 2022.
- smt88 4y agoNo, but the definition has always been academic. It doesn't have any bearing on whether things are good or bad for citizens. Our current economy seems to still be growing (we'll see when new data comes out), but it's benefiting corporations and hurting individuals.
- RichardCNormos 4y ago[flagged]
- tamaharbor 4y agoFor the last 50+ years that I have been involved in the markets, a recession has always been DEFINED as two consecutive quarters of negative GDP growth. Period.
- jcadam 4y agoYou want to stay employed and be allowed to participate in society don't you? You need to tow the party line, comrade. Recession is defined however The Party says it is.