How will we know if the U.S. economy has entered a recession? See potential bias and similarities in coverage from CNBC, washingtonpost and FoxBusiness: Recession Economy
The debate around defining recessions kicked offfrom July 21 which said the common definition — two consecutive quarters of GDP contraction — was “neither the official definition nor the way economists evaluate the state of the business cycle.” Instead, the White House pointed to the measure used by the
: “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.”
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