Brian Deese: ‘Two Negative Quarters of GDP Growth Is Not the Technical Definition of Recession’

EXCERPT:

DEESE: “As Secretary Yellen said on Sunday, two negative quarters of GDP growth is not the technical definition of recession. It’s not the definition that economists have traditionally relied on. As Secretary Yellen said on Sunday, two negative quarters of GDP growth is not the technical definition of recession. It’s not the definition that economists have traditionally relied on.”