5 ms·

The actual technical recession that started in Summer 2022 and then ended the next quarter could still have lingering effects, couldn't it?

• bregma 4y ago
  A recession is defined as three consecutive quarters of negative growth. A single quarter of negative growth doe not meet that definition. Even technically.
  • rvz 4y ago
    > A recession is defined as three consecutive quarters of negative growth. Source?
    • gumby 4y ago
      Generally, two succesive quarters, though the official determination in the US is made by the NBER https://www.bea.gov/help/glossary/recession https://www.bea.gov/help/glossary/recession
      • rvz 4y ago
        > Generally, two succesive quarters, Exactly. There is no source for the unsubstantiated 'three successive quarters' claim. > though the official determination in the US is made by the NBER I would not wait for an entity to determine and tell us if it is too late. Hence why businesses are preparing now, even when they should have done in November 2021. And of course, I am not saying this in hindsight either, since the warning signs were there in [0] and finally when it happened [1]. [0] https://news.ycombinator.com/item?id=29508238 https://news.ycombinator.com/item?id=29508238 [1] https://news.ycombinator.com/item?id=33185591 https://news.ycombinator.com/item?id=33185591