Faced with a souring economy, the president could change course, but he prefers to fire statisticians and to lie brazenly to the public.
Faced with a souring economy, the president could change course, but he prefers to fire statisticians and to lie brazenly to the public.
2 consecutive quarters of gdp contraction. The definition of a recession.
That’s not the only condition for a recession, several indicators are used in determining if there is a recession. This was relevant recently in the US as GDP dropped for 2 consecutive quarters and no recession was declared.