I’ve read a good amount about this, and while by traditional measures there isn’t technically a recession, many real‑world signs make it feel like one. What do we think? I don’t think this breaks the 6 rule, it’s an economic question.

  • DupaCycki@lemmy.world
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    22 hours ago

    Wikipedia says:

    In the United States, a recession is defined as “a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive quarters.

    So technically, looks like there isn’t a recession. Though a huge chunk of US GDP is just imaginary and doesn’t represent any value, so realistically probably yes.