• blackbelt352@lemmy.world
    link
    fedilink
    arrow-up
    13
    arrow-down
    1
    ·
    1 month ago

    That’s the downside of the definition of a recession, 2 consecutive quarters of declining GDP when adjusted for inflation. The problem is that it doesn’t actually account for how that production is distributed. So while.yes we aren’t exonomically in a recession, people are still feeling the squeeze because that GDP growth isn’t fairly distributed.