The first half of the year was marked by two quarters of negative economic growth, a commonly held definition for determining if an economy is in recession. But the official arbiter of dating business cycles, which includes recessionary periods, is the Business Cycle Dating Committee of the National Bureau for Economic Research, or NBER.
Are We in a Recession or Not? Calls May Differ Depending on Their Complexity.
Official Arbiter of Dating Business Cycles Has Specific Criteria for Determining if the Economy Is Expanding or in Recession
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