MicroWaveAs the U.S. economy cools, Trump points to ‘phenomenal numbers’ that don’t exist
gasgiantHasn’t it been cooling for a while? When does cooling become a recession?
2 consecutive quarters of gdp contraction. The definition of a recession.
That’s not the only condition for a recession, several indicators are used in determining if there is a recession. This was relevant recently in the US as GDP dropped for 2 consecutive quarters and no recession was declared.