Is the economy in recession?  'What You Call It Is Less Relevant' Says Economist: Here's 'What Really Matters'

Is the economy in recession? ‘What You Call It Is Less Relevant’ Says Economist: Here’s ‘What Really Matters’

“We should have an objective definition” Officially, the NBER defines a recession as “a significant decline in economic activity that extends throughout the economy and lasts for more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second straight contraction this …

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