IN DEBT WE TRUST

Recession is defined as two consecutive quarters of negative GDP growth. Economists’ polite way of saying, “Good luck, everyone.”

✓ TRUE FACT
“Two straight quarters of negative GDP” is a popular rule of thumb because it’s simple and uses clear data. But some countries (including the U.S.) don’t use a single GDP rule—official calls often consider multiple indicators like employment, income, and industrial production over many months.

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Recession is defined as two consecutive quarters of negative GDP growth. Economists’ polite way of saying, “Good luck, everyone.” | SmartAss Facts