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Technically the recession is only when GDP drops for at least two consecutive quarters, what follows is the recovery phase. It's just common phrasing to call th
by mikeyouse 11y ago
Technically the recession is only when GDP drops for at least two consecutive quarters, what follows is the recovery phase. It's just common phrasing to call the whole period the recession or depression. In your example, there'd be a 1-year recession with a 90-year recovery.