Recession is HERE- We have published 34,000 reports recently across all the industries
Since at least mid-2022, politicians, economists and market professionals have been engaged in a great semantic debate over whether the U.S. economy is headed for recession or not.
The argument, invariably influenced by politics, came down to how you defined the word recession.
According to a general definition of recession—two consecutive quarters of negative gross domestic product (GDP)—the U.S. entered into a recession in the summer of 2022.
The organization that defines U.S. business cycles, the National Bureau of Economic Research (NBER), takes a different view. According to the NBER’s definition of recession—a significant decline in economic activity that is spread across the economy and that lasts more than a few months—we were not in a recession in the summer of 2022.
“We have a hard time believing the economy is in recession today, given a strong labor market and corporate earnings growth,” said Tim Holland, chief investment officer at Orion Advisor Solutions. “We also remind ourselves that recessions are uncommon, as our economy was in recession just 8% of the time over the past 30 years.”
