Was the US in a recession in 2022? Probably not. GDP/GDI did decline in three of the four quarters, which is definitely a weak period for growth. But most other economic indicators were improving.
Answer: No, We Were Not in a Recession
About one year ago, I wrote a post with the title "Are We in A Recession?" At the time there was much talk, both in the popular media and among economists, about whether we were in a recession or not, and what "technically" counts as a recession. Now with hindsight, I think we can pretty…
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