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by hnnewguy 4197 days ago
>And the tendency to play semantics and say "since GDP hasn't fallen for two successive quarters the recession is over" when the economy is clearly still in shambles ignores the real struggle of millions of Americans who are not seeing the benefits of our "recovery," other than hearing about it on the news.

The formal definition of recession as two quarters of falling GDP isn't prone to semantic arguments, while your soft definition, talking about "real struggle" and "what Americans see" is.

That's why we choose the former.