Just don’t tell anyone…
The doom-and-gloomers out there would have us believe that we are in a recession.
This remains factually incorrect.
The classical definition of a recession:
If there are two consecutive quarters of decline in economic activity as measured by a decrease in GDP, the economy is said to be in a recession.
Why is it, I wonder that pundits argue that we are in a recession? Are they responding to the fact that most people now believe we are in a recession? Or are the politicians playing to a crowd?
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