|
|
|
|
|
|
by OJFord
1354 days ago
|
|
|
> The country could see a 50% collapse in a single quarter and see 2-3% growth each quarter for years, and not be in a recession by that definition. But that's not receding, that's has receded. If your implied definition is slipping below the growth trend, then any '50% collapse' is going to ensure 'recession' (by this definition) for probably (or even hopefully) a long time. |
|
|
A recession is past tense. One can speculate that we are in a recession, but it's not feasible to collect all the information necessary to make that determination in real time. The best one can do is say, "a recession started six months ago, and I think the situation is better/the same/worse."