While it's fair to mention that, I don't think it's really of relevance. One could argue that GDP is objectively bad, whether there is a boom or bust going on

While it's fair to mention that, I don't think it's really of relevance. One could argue that GDP is objectively bad, whether there is a boom or bust going on or about to happen. Things will naturally get worse before it gets better. Just strap in and enjoy the ride.