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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (30051)12/3/2008 9:45:24 PM
From: TimF  Read Replies (1) of 71588
 
All I'm asking is for you to establish that... to prove it.


Now you are.

Saying "Which 'definition'?" isn't asking that question.

You have to ask the question you want to ask, before I can dodge it. <g>

Well and really your not even asking a question now, as much as making a request.

To the extent that you are not satisfied with the answer to the request (and it isn't as good as I thought it would be, but I'm only going to spend a limited time researching the question unless someone wants to pay me to do so), than perhaps "its official" doesn't reply to any definition. But the traditional (whether or not its official) definition, in the US, is two consecutive negative quarters of GDP growth.

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"Recessions are defined as prolonged and sustained declines in economic activity, so by definition, a persistent downturn cannot be identified until it has persisted."

fpc.state.gov

The traditional definition of a recession is two quarters of negative growth.

jec.senate.gov

The technical definition of a recession is negative growth in GDP.

house.gov

Recession
A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP.
bloomberg.com

recession

Definition

Period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer.

businessdictionary.com
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