WHAT IS A RECESSION

The most widely used definition is a decline of GDP, or Gross Domestic Product, for two consecutive quarters. This is also called the technical definition.
In the "2022 Recession," few economists explained that while the technical definition says the US economy is in recession, some indictors show the economy still has not entered a contraction.
This video discusses the definition, economic indicators, predictors, effects of a recession, unemployment, interest rates, markets, causes, and government policies.
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#payroll #retail #consumer #realestate #bearmarket #employment #smallbusiness #oil #commodities #yieldcurve