4 ms·
Look at January-July 2020 and January-July 2022, and look at GDPC1
by antibasilisk 4y ago
Look at January-July 2020 and January-July 2022, and look at GDPC1
- reducesuffering 4y agoAgain, by what criteria are you saying we're currently in a recession? Every period in https://fred.stlouisfed.org/series/GDPC1 https://fred.stlouisfed.org/series/GDPC1 shows that we're not in a recession when our GDP is currently rising consecutively... Your original comment was insinuating political figures are changing the definition. I'm assuming you mean if we just had 2 consecutive quarters of GDP decline then that definitively means we're in a recession... But that is objectively not the case by the figure you just told me to look up. We're in 2 quarters of real GDP increase.
- deleted 4y ago[deleted]
- antibasilisk 4y agoA recession ends when the economy recovers, not when there's one quarter of GDP growth. By your logic you'd have to say that we've had two separate recessions in the past 3 years.