Reported 2 days ago
A recession is commonly defined as two consecutive quarters of declining GDP, but the National Bureau of Economic Research (NBER) uses other indicators to identify recessions, including employment, inflation-adjusted income, consumer spending, and manufacturing sales. Currently, while some indicators are weakening, others remain strong, suggesting that the U.S. may not have entered a recession yet. The NBER, known for its methodical approach, typically announces recession status after clear signs emerge, meaning the public is often already aware of economic downturns by the time the NBER makes an official declaration.
Source: YAHOO