“On July 21, the White House officially changed the definition of a recession–they said it, so it’s true now. In a blog post, officials explained that two consecutive quarters of declining GDP is “neither the official definition, nor the way economists evaluate the state of the business cycle.” But even Brian Deese, who is now the top White House economic advisor, used to run with that definition, and we’re quoting: ‘Economists have a technical definition of recession, which is two quarters of negative growth.’ He wrote that back in 2008.”
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