OBSCURE AS EVER...Who Wants to Get "Technical"??

 

Mohamed A. El-Erian

@elerianm

·

3h

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

·

3h

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…