Re below: I am being asked why economists refer to a "technical recession" instead of a "recession."
The definition of a "technical recession" focuses only on the defining condition of two consecutive quarters of GDP contraction.
"Recession" is a broader concept that takes into…
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Mohamed A. El-Erian
@elerianm
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With the just-reported 0.3% decline in Q4 GDP, the UK has officially entered a "technical recession" – defined as two consecutive quarters of GDP contraction.
Despite this recession being shallower and arriving later than anticipated by many at the outset of 2023, it underscores…
Flash News: Ukraine Intercepts Russian Kh-59 Cruise Missile Using US VAMPIRE Air Defense System Mounted on Boat. Ukrainian forces have made ...
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