Quote:
Originally Posted by Gogar
Jan 2019
|
Technically impossible. Since a recession is defined as two successive quarters of negative growth and Q3 had significant growth, we cannot be in a recession until Q2 2019, and that would require an immediate turnaround of the economy, which is unlikely.
Yes, the economy is cyclical and a recession must happen again, but without significant outside forces affecting our economy (which have not occurred, so cannot be assumed), it generally doesn't turn on a dime and go from robust growth to recession overnight.