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GDP down for 2nd quarter. America is in a recession.

bobknight33says...

Dictionary
Definitions from Oxford

a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.


IF only the other fake news would step up to the plate.

newtboyjokingly says...

economic depression— An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies.

Why wouldn’t fake right wing propaganda step up to the plate for all of 2020 when GDP dropped 33% in one quarter and 3.5% for the year, unemployment exploded, and likely more businesses closed per day than ever in history?

Last year was ridiculously good, 5.7% growth (to compare, Trump barely averaged 1% growth), so it’s not surprising things swung the other way. This is technically a recession, but a very weak one unlike 2020.

bobknight33said:

Dictionary
Definitions from Oxford

a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.


IF only the other fake news would step up to the plate.

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