Recession is officially whatever NBER says it is and it doesn’t have a well defi... | Hacker News

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whobre 10 months ago | parent | context | favorite | on: Amazon confirms 14,000 job losses in corporate div...

Recession is officially whatever NBER says it is and it doesn’t have a well defined meaning.

kasey_junk 10 months ago [–]

Also it’s by design a trailing designation. You will be in (and possibly out) of a recession before NBER declares one, by definition.

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