Are We in a Recession Right Now?

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G d p numbers could tell us something completely different. Just because its negative to day doesn't mean that the revision won't show that, for instance, g p could have been positive in the second quarter. As more data comes in, the commerce department will reevaluate m and realysits up. So in a couple of months, everyone who's freaking out to day might be a little bit embarrassed. But by that time, we'll have forgotten that's what we're good at.

The US economy has shrunk for two consecutive quarters. That’s technically a recession. But economists aren’t so sure we’re actually in one. Madeleine Ngo and Jacob Goldstein explain.

This episode was produced by Avishay Artsy and Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King.

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