Is there a recession? Only an under-the-radar group gets to decide
Is there a recession? Only an under-the-radar group gets to decide
(The Hill) – Commerce Department data this week found the U.S. economy shrank for the second quarter in a row, sparking a new debate about whether the nation is in a recession.
Negative growth in two consecutive quarters fulfills a common definition for a recession — and it’s the official way of making such a call in some countries.
But it’s not in the U.S., where a relatively under-the-radar…