A recession is a falling-off of economic activity that may be a temporary phenomenon or could continue into a depression. A common definition is two straight quarters of economic contraction. A more official determination is made by the National Bureau of Economic Research, which considers a range of indicators in declaring a recession. The bureau’s determination is typically made well after a recession has begun and sometimes after it has ended.
—The Associated Press Stylebook, June 13, 2022.
And as Steve spotted earlier today:
As Steve asked in his exit question, “If you ever doubted that the AP had become a government mouthpiece, do you still?”
Then vs. now: What is a “recession?”
“The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
We are living in a George Orwell novel. pic.twitter.com/Woa3i9evNn
— Young Americans for Liberty (@YALiberty) July 26, 2022
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