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Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.
They’ve changed the definition of recession like 5 times in the past 3 years. We’ve had numerous consecutive quarters with negative GDP growth.
Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.