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A comment on Wikipedia Suspends Editing of Recession Page. Parent comment

Re:Wikipedia Suspends Editing of Recession Page by prepend on Friday July 29, 2022 @06:51PM (#32282602)
Recession has always meant two quarters of declining gdp. Or at least since I studied economics back in the 90s.

This seems bull-headed like claiming that inflation was only temporary a year ago. Using the wrong definition doesn’t help us any. It just makes people look stupid and/or detached from reality.

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Re:Wikipedia Suspends Editing of Recession Page by kombucha13 on Friday July 29, 2022 @11:22PM (#32284012)
The NBER defines recession 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".

So make of that what you will

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