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The Shiskin definition of a recession (th standard for 50 years) speaks of DECLINE in GDP. "Negative"is a recent Democrat concoction and re-definition of th word recession, designed to sanitize Obama's ugly record of 7 recessions, and wipe them away.You need to take a remedial math class. If GDP in the first qtr. of the year is +2%, and +1% in the second qtr, then GDP declined qtr. over qtr. but it is still positive.
It takes two qtr's of negative growth, that is GDP below zero, for there to be a technical recession.
The Shiskin definition of a recession (th standard for 50 years) speaks of DECLINE in GDP. "Negative"is a recent Democrat concoction and re-definition of th word recession, designed to sanitize Obama's ugly record of 7 recessions, and wipe them away.
