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1. • • A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions.
     www.investopedia.com/terms/r/recession.asp

     Recession: Definition, Causes, Examples and FAQs - Investopedia

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   Is two consecutive quarters of negative growth a recession?

   • Treasury Secretary Janet Yellen noted in a recent appearance on NBC's Meet the Press that while two consecutive quarters of negative growth is generally considered a recession, conditions in the economy are unique. "When you're creating almost 400,000 jobs a month, that is not a recession," she said.

   U.S. economy just had a 2nd quarter of negative growth. Is it in a

   www.npr.org/2022/07/28/1113649843/gdp-2q-economy-2022-recession-two-quarters

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   What is a recession in economics?

   • A recession is a significant, widespread, and prolonged downturn in economic activity. Recessions are commonly characterized by two consecutive quarters of negative gross domestic product (GDP) growth, though there are more complex ways to assess and classify downturns. The unemployment rate is a key recession indicator.

   Recession: Definition, Causes, Examples and FAQs - Investopedia

   www.investopedia.com/terms/r/recession.asp

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   Is a recession imminent?

   • Still, many economists believe a formal recession — the economy going into reverse for two consecutive quarters — is not imminent. "This is noise; not signal," wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics research group, of the GDP data in a note to clients. "The economy is not falling into recession."

   What defines a recession? Experts debate mixed economic signals - NB…

   www.nbcnews.com/business/economy/is-a-recession-coming-signs-inflation-economy-explained-rcna24994

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   Is the US a recession?

   • The nation’s GDP already fell by 1.6% in the first quarter of 2022, so if it falls for a second straight quarter, there will be growing calls to declare that the U.S. is a recession — adding to President Joe Biden’s litany of economic woes, which already include 40-year-high inflation and the worst consumer confidence levels in years.

   What exactly is a recession? Sorting out a confusing topic

   www.politifact.com/article/2022/jul/26/what-exactly-recession-sorting-out-confusing/

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   Is a recession a real thing?

   • "A common definition of recession is two negative quarters of GDP growth, or at least that's something that's been true in past recessions," Treasury Secretary Janet Yellen said on NBC’s "Meet the Press" on July 24. "So we could see that happen. And that will be closely watched.

   What exactly is a recession? Sorting out a confusing topic

   www.politifact.com/article/2022/jul/26/what-exactly-recession-sorting-out-confusing/

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   Does GDP decline indicate a recession?

   • Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.

   How Do Economists Determine Whether the Economy Is in a Recession?

   www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

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3. globalnews.ca › news › 10696783The economy’s fine, but you’re not getting ahead: Welcome to ...

   globalnews.ca › news › 10696783

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   Aug 14, 2024 · Economists typically define a recession as two consecutive quarters of negative growth in real gross domestic product, often accompanied by a surge in unemployment.

4. www.npr.org › 2022/07/28 › 1113649843U.S. economy just had a 2nd quarter of negative growth. Is it ...

   www.npr.org › 2022/07/28 › 1113649843

   Jul 28, 2022 · While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. A nonprofit, non-partisan organization called the National Bureau of...

   • Author: David Gura

5. Videos

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6. www.investopedia.com › terms › rRecession: Definition, Causes, Examples and FAQs - Investopedia

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   Apr 16, 2024 · A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine...

7. www.today.com › money › moneyHere’s how to know if we’re in a recession, and it’s not what ...

   www.today.com › money › money

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   Jul 27, 2022 · Even though every period since 1948 of two consecutive negative quarters has coincided with a recession, that may not happen this time. Why? It’s complicated.

8. www.politifact.com › article › 2022What exactly is a recession? Sorting out a confusing topic

   www.politifact.com › article › 2022

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   Jul 26, 2022 · In a big week for economic reports, one of the biggest is set to be released on July 28: The first look at how much the nation’s second-quarter gross domestic product grew or shrank.

9. www.nbcnews.com › business › economyWhat defines a recession? Experts debate mixed economic signals

   www.nbcnews.com › business › economy

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   May 16, 2022 · Many economists believe a formal recession — the economy going into reverse for two consecutive quarters — is not imminent.

10. www.whitehouse.gov › cea › written-materialsHow Do Economists Determine Whether the Economy Is in a

    www.whitehouse.gov › cea › written-materials

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    Jul 21, 2022 · Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.