The NBER defines a recession as two consecutive quarters of negative GDP growth. I think there is a real possibility that the COVID-19 recession doesn't end up qualifying because of an issue with that definition. (Thread on a technical point about recessions and forecasting)
Surely this goes to show that definition is imprecise as we're clearly in a recession already? @businesscycle what is your take?
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See the remainder of the thread - the definition is squishy, and I'm fairly certain that this will be a big point of contention before the election.https://twitter.com/davidmanheim/status/1249293433832910848 …
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we may never find out...https://twitter.com/AtlantaFed/status/1250458784847351809 …
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