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Comment by exdsq | Hacker News Reader
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exdsq
·
Are you suggesting we’re not entering a recession?
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doktorhladnjak
·
We are probably already in one. Q1 GDP already shrank.
arthurcolle
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Recessions are definitionally 2 quarters of consecutive shrinking GDP growth so 1 quarter of shrink can not qualify as a recession
ako
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If Q2 GDP also shrinks then Q1 will have been part of a recession.
fny
·
Base effects are also an issue.
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