Thursday, May 23, 2024

We Are Not In A Recession

 I don't think people know what the definition of a recession is.

Definition of recession: two consecutive quarters of decline in a country's real (inflation-adjusted) gross domestic product (GDP) - the value of all goods and services a country produces.

The last decline in GDP occurred from 2019 to 2020 - during Donald Trump's term. 

https://fred.stlouisfed.org/series/GDP

GDP has been steadily been increasing since.

https://www.bea.gov/data/gdp/gross-domestic-product