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People have been screaming about a recession for the last year now, with not a whole lot of hard data to back it up. Other than 2 quarters of negative GDP grow
by tiahura 4y ago
People have been screaming about a recession for the last year now, with not a whole lot of hard data to back it up.
Other than 2 quarters of negative GDP growth - which was the common understanding until it became politically inconvenient.
- heartbreak 4y agoIn which case the recession is over, since we just finished a quarter of positive GDP growth. Or maybe one metric is insufficient to judge an entire economy.
- brookst 4y agoPerhaps a little overstated. In the past, -0.1% growth was considered flat. We only got the “-0.1% is the same as -9%, technically speaking” arguments when they became politically convenient. If US growth had rebounded from -0.1% to +0.1%, I suspect partisan hacks’ positions would instantly reverse and we’d have republicans telling us that a tenth a percent is not really growth, and democrats yelling that technically it’s no different than +9% so there’s no recession.