Re:Ask HN: Shouldn't an 8% inflation rate be synonymous to a...
by anthony_romeo on Saturday June 18, 2022 @03:07PM
(#31792770)
In the past, a recession was defined as two consecutive quarters of decline in GDP [I think the definition has loosened somewhat recently, but I’ll ignore that].
Real GDP (which accounts for inflation) was up in 4Q 2021, but down 1Q 2022. Based on a somewhat arbitrarily-selected article I briefly skimmed the beginning of, Real GDP is expected to be up in 2Q.
Real GDP (which accounts for inflation) was up in 4Q 2021, but down 1Q 2022. Based on a somewhat arbitrarily-selected article I briefly skimmed the beginning of, Real GDP is expected to be up in 2Q.
https://www.philadelphiafed.org/surveys-and-data/real-time-d...
Of course, it always comes down to the details, which I haven’t really looked into.