• blackbelt352@lemmy.world
      link
      fedilink
      arrow-up
      13
      arrow-down
      1
      ·
      25 days 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.