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by rufus_foreman
1426 days ago
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According to many of Biden's economic advisers, it is. For example:
"Of course economists have a technical definition of recession, which is two consecutive quarters of negative growth." -- The head of Biden's National Economic Council, in a past life, apparently. You can find many other examples in the past of his advisors defining a recession as two quarters of negative GDP. And you can find many examples in the past of the press defining a recession as two quarters of negative growth. "two negative quarters in a row is a standard indicator for an economic recession." -- Washington Post, fact checking Donald Trump What has changed? |
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The party in power.