3 ms·
Except it hasn't and nothing has changed. What's more, this is trivially easy to check. The 2022 wikipedia entry for Recession says that two consecutive quarte
by revertmean 4y ago
Except it hasn't and nothing has changed. What's more, this is trivially easy to check.
The 2022 wikipedia entry for Recession says that two consecutive quarters of negative growth is the common definition, says this is not universally accepted, and gives the NBER definition also.
The original 2007 wikipedia entry for Recession says that two consecutive quarters of negative growth is the common definition, says this is not universally accepted, and gives the NBER definition also, which is identical to the 2022 NBER definition.