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The Latest Breaking News from NBER

How Long? How Often? 10 Facts About Economic Recessions

Fears of an economic downturn are once again on the rise, but what is a recession, exactly? We tackle this and other questions here.

Economist explains when we’ll know the recession is here and how long it will last

North Carolina economists last week told The Charlotte Observer they’re increasingly concerned about an impending recession.

Tribune News Service

Who are the eight economists who decide when the US is in a recession?

Who are the eight economists who decide when the US is in a recession?

The US Commerce Department on Thursday announced that the country’s gross domestic product had fallen for the second consecutive quarter, although President Joe Biden said the economic data overall “doesn’t sound like a recession”. In most countries, two successive quarters of GDP decline qualify as a recession – but not…

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Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay

"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Los Angeles Times

US economy shrinks in second quarter, signaling unofficial start of recession

The bad news will be a major blow for the Biden administration as it prepares for a tough midterm election season

The Guardian - US

U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

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EXPLAINER: How do we know when a recession has begun?

EXPLAINER: How do we know when a recession has begun?

By one common definition, the U.S. economy is on the cusp of a recession

The Independent UK

Five key things to know about the "is this a recession" controversy

Five key things to know about the "is this a recession" controversy

It's hard to recall a White House deploying as much effort to pre-spin economic data.

A weird economy that may (or may not) become a recession

A weird economy that may (or may not) become a recession

All signs suggest growth is weakening, but hasn’t fallen off of a cliff — yet.

What is gross domestic product, or GDP?

What is gross domestic product, or GDP?

GDP is an overall measure of economic activity. How is it calculated and used?

People

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US Federal Reserve

Harvard University

Commerce Department

Charlotte Observer

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