4 ms·

It depends on the definition "global recession" Who says it is not already here?

• smitty1e 4y ago
  Well, those pencil-whipping the definitions, for starters.
• jokethrowaway 4y ago
  I'm sure we used to have one. Something to do with 3 quarters of negative growth
  • nuc1e0n 4y ago
    2 quarters
  • Izkata 4y ago
    Two quarters of negative growth has only ever been a rule-of-thumb that mostly matched, the official determination has been with the National Bureau of Economic Research for a long long time ( https://www.nber.org/ https://www.nber.org/ ). You can see on this graph that the rule-of-thumb didn't hold right at the beginning of the graph in 1947 when no recession was declared, nor in 2008 when it started with a single quarter, or even 2001 when it started with a positive quarter: https://fred.stlouisfed.org/series/A191RL1Q225SBEA https://fred.stlouisfed.org/series/A191RL1Q225SBEA