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The U.S. is ‘officially’ in a recession —but economists say it’s far from a typical downturn
Published Tue, Jun 9 20204:33 PM EDTUpdated Tue, Jun 9 20204:51 PM EDT
https://www.cnbc.com/2020/06/09/us-officially...-2008.html
The U.S. is officially experiencing an economic recession , according to a Monday statement from private non-profit research organization National Bureau of Economic Research. While many experts and economists generally define a recession as a GDP decline in back-to-back quarters, they defer to NBER to officially make the call.
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