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Since we are almost in a recession by imrambi2008-03-20 11:48:51
  It's not a recession, it's just prices going up by murphoid2008-03-20 12:05:36
    Do you know the technical definition by merlin2008-03-20 12:20:47
      OECD growth forecast is at 0%. by CynicalRyan2008-03-20 12:25:58
        And as I pointed out in another post, by merlin2008-03-20 12:31:27
          The simplest definition of recession by CynicalRyan2008-03-20 12:42:53
            Here's the official definition, from the NBER by merlin2008-03-20 12:46:52
              Close, but not quite: by CynicalRyan 2008-03-20 12:58:06
NBER, too:
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
Note, that the NBER includes the *whole* time frame to define a recession.
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