are we in recession economy - EAS

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    According to the NBER’s definition of recession —a significant decline in economic activity that is spread across the economy and that lasts more than a few months—we were not in a recession in the summer of 2022.
    Though the economy has occasionally sputtered in 2022, it has certainly been resilient — and according to a traditional definition, the U.S. is not currently in a recession. The conventional benchmark has been that two consecutive quarters of a generally slowing economy defines a recession. (See recession vs. depression.)
    Formally, no. A committee at the National Bureau of Economic Research (NBER) that focuses on business cycles makes the official determination about whether we’re in a recession or not. The committee, which includes eight economists, has not taken that step.
    Most agree that we’re not — at least not yet. Although some define a recession as two consecutive quarters of declining GDP, which happened earlier this year, the National Bureau of Economic Research technically declares recessions in the US. It usually takes them about a year to make such a call.
    Despite layoffs at major companies, small private companies are adding jobs. Robust job numbers are one reason that we're not in a recession yet. Data shows a boom in small businesses likely to employ workers, suggesting job growth could keep going well into the future.
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    Is there a recession in the US?
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    Is a two-quarter decline in GDP a recession?
    Such a two-quarter decline would meet a common, though unofficial, definition of a recession. Most economists still don’t think the United States meets the formal definition, which is based on a broader set of indicators, including measures of income, spending and job growth. But they aren’t quite as sure as they were a few weeks ago.
    www.nytimes.com/2022/07/26/business/economy/recess…
  2. Are We In A Recession Yet? – Forbes Advisor

    https://www.forbes.com/advisor/investing/are-we-in-a-recession

    2022年12月1日 · “We also remind ourselves that recessions are uncommon, as our economy was in recession just 8% of the time over the past 30 years.” Nevertheless, a recession may arrive soon.

  3. GDP: So are we in a recession, or not? | CNN Business

    https://www.cnn.com/2022/07/29/economy/gdp-recession-fed

    2022年7月29日 · If you’re confused about whether the US economy is in a recession, you’re not alone. On one hand, gross domestic product, a key measure of economic output, shrank for …

  4. Recession Fears: Are We (Unofficially) In A Recession Now?

    https://www.forbes.com/sites/qai/2022/12/13/recession-fears-are-we-unofficially-in-a...

    2022年12月13日 · The unemployment rate in November 2022 held at 3.7%, staying within the narrow window of 3.5% to 3.7% it’s been in since March of this year. In fact, the economy

  5. Are We in A Recession? Here’s Why It’s Hard to Say - The New …

    https://www.nytimes.com/2022/07/26/business/economy/recession-economy.html

    2022年7月26日 · Recessions, almost by definition, result in lost jobs and increased unemployment. And increases in unemployment, even fairly small ones, nearly always signal a …

  6. Why everyone thinks a recession is coming in 2023

    https://www.cnbc.com/2022/12/23/why-everyone-thinks-a-recession-is-coming-in-2023.html

    2022年12月23日 · The Federal Reserve's latest economic projections show the economy growing at a pace of 0.5% in 2023, and it does not forecast a recession. "We'll have one …

  7. Are We in a Recession? Third Quarter GDP Report Shows …

    https://www.bloomberg.com/news/articles/2022-10-27/are-we-in-a-recession-third-quarter...

    2022年10月27日 · Most agree that we’re not — at least not yet. Although some define a recession as two consecutive quarters of declining GDP, which happened earlier this year, the …

  8. Recession in 2023? That depends on where you are in the world …

    https://www.weforum.org/agenda/2023/01/global-recession-economic-outlook-2023

    16 小時前 · Since then, the World Bank has predicted a global recession for 2023, anticipating GDP growth of 1.7%, the slowest pace outside the 2009 and 2020 recessions since 1993. …

  9. US Economy: Will There Really Be A Recession In 2023? What …

    https://www.ibtimes.com/us-economy-will-there-really-recession-2023-what-top...

    15 小時前 · Stiglitz is a Nobel Prize winner in economic sciences Jeffrey Frankel "Even if we adopt less strict measures of defining a global recession, such as a decline of GDP growth …

  10. How Likely Is a Recession in 2023? | Nasdaq

    https://www.nasdaq.com/articles/how-likely-is-a-recession-in-2023

    2 天前 · The concern, however, is that rising interest rates will fuel a major decline in consumer spending. That could be enough to drive the economy into recession territory. It pays to be …

  11. Chief Economists Say Global Recession Likely In 2023, But …

    https://www.weforum.org/press/2023/01/chief-economists-say-global-recession-likely-in...

    2023年1月17日 · Geneva, Switzerland, 17 January 2023 – A majority of the World Economic Forum’s Community of Chief Economists expect a global recession in 2023, see geopolitical …



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