Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters' - CNBC

Are we in a recession? A former chief economist at the U.S. Department of Labor and a former chair of the White House Council of Economic Advisers weigh in.

'We should have an objective definition' Officially, the NBER defines a recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." … [+4122 chars]

full article...