Recessions are more common than most people realize. We have had 12 recessions in the last 75 years and 4 in the last 30. Some were caused by wars, and others by tech and housing bubbles, but they each left their mark on the American people and businesses.
What everyone wants to know today is whether another recession is on the horizon? Many signs point to an increasing probability of recession, most strictly defines as two consecutive quarters of negative GDP growth, but the “experts” can’t seem to agree on timing and severity.
In this week’s Dial P audio podcast, Kelly Barner explains the parameters of recession and what we should be on the lookout for in future economic reports.
• Why is there such a long lag time between the beginning of a recession and official declaration?
• What is the connection between today’s record-high inflation numbers and the likelihood of recession?
• Are there any silver linings to a recessionary economy?