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Most people define a recession as two consecutive quarters of declining GDP. This definition gained popularity after it was included in a list of indications by economist Julius Shiskin in a 1974 New York Times article. Likewise, a recession is considered to be over when the streak of declining quarterly GDP concludes. In the U.S., […]
By Kash Hashemi |August 17, 2010
7 min read
Economic Indicators
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