ZeroCool@feddit.ch to Political Memes@lemmy.worldEnglish · 1 year ago100% Chancei.postimg.ccimagemessage-square79fedilinkarrow-up1625arrow-down121file-text
arrow-up1604arrow-down1image100% Chancei.postimg.ccZeroCool@feddit.ch to Political Memes@lemmy.worldEnglish · 1 year agomessage-square79fedilinkfile-text
Link to the original article: https://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden
minus-squareOsrsNeedsF2P@lemmy.mllinkfedilinkarrow-up33arrow-down14·1 year agoThe GDP fell for two quarters though. They just changed the definition of recession.
minus-squarefrezik@midwest.sociallinkfedilinkarrow-up4arrow-down1·1 year agoWhere are you getting that? https://fred.stlouisfed.org/graph/?g=1aimT
minus-squaredrphungky@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-21 year agoThis isn’t real GDP. Real GDP was slightly below flat in the first two quarters of 2022, but due to employment numbers it wasn’t declared a recession.
minus-squaremoistclump@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down3·1 year agoWhat’s the definition now?
minus-squareWogi@lemmy.worldlinkfedilinkarrow-up10·1 year agoIf a Democrat is in office, it’s a recession.
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up5·1 year agoThe two quarters thing was always a rule of thumb. The real definition is more subjective.
The GDP fell for two quarters though. They just changed the definition of recession.
Where are you getting that?
https://fred.stlouisfed.org/graph/?g=1aimT
This isn’t real GDP. Real GDP was slightly below flat in the first two quarters of 2022, but due to employment numbers it wasn’t declared a recession.
What’s the definition now?
If a Democrat is in office, it’s a recession.
The two quarters thing was always a rule of thumb. The real definition is more subjective.