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

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Tags Booms and BustsEconomic PolicyThe FedInflationU.S. Economy

08/28/2022Frank Shostak
Narrator: 
Michael Stack

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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Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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