4 ms·

The definition of recession has always been two quarters of negative gdp growth… very recently the current administration in the US changed the definition so as

The definition of recession has always been two quarters of negative gdp growth… very recently the current administration in the US changed the definition so as to not look bad.

kurikuri 4y ago
NBER is the entity which demarcates the start and end dates of recessions in the US, not the White House.
- kbelder 4y ago
  Who gave them that power? Seems more reasonable to let an economic term be governed by the consensus of economists over time.