Is a Recession Simply a Decline in GDP? What Does That Mean?

Tags Booms and BustsEconomic PolicyThe FedInflationU.S. Economy

08/28/2022Frank Shostak

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The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place.

Original Article: "Is a Recession Simply a Decline in GDP? What Does That Mean?"

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