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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 do we know about recessions?

   • Much about recessions is shrouded in mystery. But there are a few things we know. According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.

   What is a recession? | McKinsey - McKinsey & Company

   www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-a-recession

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

   www.investopedia.com › terms › r

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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...

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...

   • Author: David Gura

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

   www.politifact.com › article › 2022

   • Cached

   Jul 26, 2022 · • Critics of the Biden administration say that if economic growth is shown to have shrunk in the second quarter, it will be the second straight negative quarter, and that this automatically...

7. www.mckinsey.com › what-is-a-recessionWhat is a recession? | McKinsey - McKinsey & Company

   www.mckinsey.com › what-is-a-recession

   • Cached

   Jul 11, 2024 · According to one popular definition, a recession is two consecutive quarters of economic contraction. And, in general, recessions are caused by imbalances in the market, triggered by external or internal factors.

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

   www.whitehouse.gov › cea › written-materials

   • Cached

   Jul 21, 2022 · While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business...

9. www.nytimes.com › what-is-a-recessionWhat is a recession, and when is the next one going to begin?

   www.nytimes.com › what-is-a-recession

   Jun 24, 2022 · Analysts at Goldman Sachs put the probability of a recession over the next year at 30 percent, up from 15 percent. Economists at Bank of America predicted a 40 percent chance of a recession in...

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

    www.nbcnews.com › business › economy

    • Cached

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