Is there a recession? Only the National Bureau of Economic Research gets to decide

Is there a recession? Only the National Bureau of Economic Research gets to decide

Commerce Department data this week found the U.S. economy shrank for a second quarter in a row, sparking a new debate about whether the nation is in a recession.   Negative growth in two consecutive quarters fulfills a common definition for a recession — and it’s the official way of making such a call in some …

Is there a recession? Only the National Bureau of Economic Research gets to decide Read More »