People frequently say a recession is two quarters of declining GDP. That is not the definition used by the National Bureau of Economic Research (NBER): The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP. Rather, a recession is a significant decline in economic activity spread across […]
source https://thebtrader.com/2020/04/13/what-is-a-recession-what-is-a-depression/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-a-recession-what-is-a-depression
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