Hacker News new | ask | show | jobs
by moistofreason 1357 days ago
The definition of recession has always been two quarters of negative gdp growth… very recently the current administration in the US changed the definition so as to not look bad.
1 comments
kurikuri 1357 days ago
NBER is the entity which demarcates the start and end dates of recessions in the US, not the White House.
link
kbelder 1357 days ago
Who gave them that power?

Seems more reasonable to let an economic term be governed by the consensus of economists over time.

link