Two quarters of negative g d p means that the country has entered a recession. The national bureau of economic research weighs in on recessions. Recessions are officially declared by mmittee of economists at the national Bureau of Economic Research. But typically, i would say about a year because they needn't take the time to evaluate data.
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.
Transcript at vox.com/todayexplained
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