What's the difference between a technical recession or an actual recession. Words are supposed to have meanings and recession is a well defined term with globally accepted measurement metrics.

If we are technically in a recession it means we are in a recession.

[–] Splenetic@lemm.ee 3 points 5 months ago (3 children)

A recession is two consecutive periods of negative growth. So usually a "technical recession" means "we meet the criteria for a recession but we're not experiencing the bad effects you'd expect (yet)"

[–] BalpeenHammer@lemmy.nz 3 points 5 months ago (2 children)

The point is that the word recession has a meaning, the meaning is accepted worldwide, and we are in one. I would also dispute that we are not experiencing the bad effects. The polls seem to indicate the public is feeling quite a bit of pain.

[–] TheChurn@kbin.social 1 points 5 months ago (1 children)

Well 'we' aren't actually in a recession. Economic growth in the US has been positive the last several quarters.

[–] BalpeenHammer@lemmy.nz 1 points 5 months ago

Who is the "we" you are talking about?

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