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White House Tries To Redefine ‘Recession’ To Avoid Telling The Truth

At a glance

  • A recession is defined as two consecutive quarters of negative economic growth.
  • In a blog post, the council of economic advisers tried to redefine that saying that two consecutive quarters of falling GDP doesn’t mean the country is in a recession.
  • “What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle,” the blog post states.

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