It's official: We're in a recession.

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12-02-2008, 02:55 PM

RU OX Alum RU OX Alum is offline

GreekChat Member

Join Date: Jun 2006

Location: Greater New York

Posts: 4,537

Isn't there some kind of standard definition for what qualifies as a recession? Like, if the GNP falls by a certain percentage for two consecutive fiscal quarters?

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