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0 sats \ 0 replies \ @Bell_curve 30 Aug \ parent \ on: Inflation is down and a recession is unlikely. What went right? econ
Real GDP takes inflation into account vs nominal GDP
My point is that there are quantitative metrics for defining a recession and those same metrics are imperfect because they can be gamed.
Lastly, government can redefine a recession to mean X straight quarters of negative GDP growth where X is normally 2 but can be changed to 3 or 4
Consumer confidence is subjective because it's a survey or poll but still a useful measure for comparison purposes.