Quote:
Originally Posted by KappaKittyCat
Yes. According to Wikipedia's entry on the subject, in macroeconomic terms, "a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year."
So while the economic contraction has been felt by individuals all over for a long time now, I think we're just now entering our second quarter of actual GDP decline.
You know how those economists are such sticklers for rules... |
Oh okay. I knew I had heard that somewhere. Thanks