4 ms·

The US govt hasnt announced the recession have they?

• hug 4y ago
  The government doesn't have to announce something for it to be so, and by the 'accepted' definition (two consecutive quarters of negative GDP) the US is in a recession.
  • smegsicle 4y ago
    "its a recession, not a daylight savings time adjustment"
  • ncmncm 4y ago
    High inflation in a recession would be worse. The Fed triggering a recession for its effect on mid-term elections would be worse than that.
  • _ea1k 4y ago
    In this case, its not just that they haven't announced it but are also actively denying it. Given the current actions being taken, it has the potential to be quite severe too.