The definition of an economic recession is 2 consecutive quarters of economic contraction or negative GDP growth. Though it was small, the US economy actually experienced GDP growth in the 1st quarter of 2008. So despite what the media and financial talking heads would have you believe, we're not in a recession.
Fact: We're Not In A Recession
Fact: We're Not In A Recession
Fact: We're Not In A Recession
The definition of an economic recession is 2 consecutive quarters of economic contraction or negative GDP growth. Though it was small, the US economy actually experienced GDP growth in the 1st quarter of 2008. So despite what the media and financial talking heads would have you believe, we're not in a recession.