Row 51077

Row ID: 51077 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 51077 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

>[The basic definition of a recession](https://www.investopedia.com/terms/r/recession.asp) is when GDP declines for two consecutive quarters (i.e. six months). In the US, the NBER has the final say on whether or not a recession has taken place. [US GDP grew by 3.4% in the 4th quarter and grew by 1.6% in the first quarter this year](https://www.bea.gov/data/gdp/gross-domestic-product). IOW, no, we are not in a recession.

We might already be in a recession, just like 2008.

In December of 2008, NBER declared that we'd been in a recession for the entire prior year, since December of 2007. The same thing could happen this time.

[https://money.cnn.com/2008/12/01/news/economy/recession/](https://money.cnn.com/2008/12/01/news/economy/recession/)

**It's official: Recession since Dec. '07**

The National Bureau of Economic Research declares what most Americans already knew: the downturn has been going on for some time.

By Chris Isidore, [CNNMoney.com](http://CNNMoney.com) senior writer, **December 1, 2008: 5:40 PM ET**

NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

FieldValue
text >[The basic definition of a recession](https://www.investopedia.com/terms/r/recession.asp) is when GDP declines for two consecutive quarters (i.e. six months). In the US, the NBER has the final say on whether or not a recession has taken place. [US GDP grew by 3.4% in the 4th quarter and grew by 1.6% in the first quarter this year](https://www.bea.gov/data/gdp/gross-domestic-product). IOW, no, we are not in a recession. We might already be in a recession, just like 2008. In December of 2008, …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1TeFloZjRRMjZfcDNtUm5oWkZCOENOWTVMNV9yWFBhWHg5T0F5X1NMWFVfUWhtSms5TTEwbWhRT29vNXozZDlLV1lMLXZUSklhSmNIdTVkNVBEZkRSZ1E9PQ==
url_encoded Z0FBQUFBQm5Lak9pLVFXc1NrRWQzR3c5bnRRSncwQXVIbzZUQklidEtDdEo3TkRwcDR0R2RkS2pTQTFMX3BwalRMQWRuVi1HU2s4MVVYVklHbGtBZEI1WlJDdEhjTEw3SFZ6amRWY2xRdUlXWVY0RnRsWDVaNV9MdFJjakdaQm9laEpDU1pxUEVReUlDR3M2UXhaeFh6ZXdJdURueXpINU5INlBsUFg1SlRjX29zamc4cjIzOWVRR0dSa2NFbkI2cHZCWktJZFN6WlZTSkFQTGJMUzJEZno0a3JHUmVzSHVlUT09

Raw Record

{
  "text": ">[The basic definition of a recession](https://www.investopedia.com/terms/r/recession.asp) is when GDP declines for two consecutive quarters (i.e. six months). In the US, the NBER has the final say on whether or not a recession has taken place. [US GDP grew by 3.4% in the 4th quarter and grew by 1.6% in the first quarter this year](https://www.bea.gov/data/gdp/gross-domestic-product). IOW, no, we are not in a recession. \n\nWe might already be in a recession, just like 2008.\n\nIn December of 2008, NBER declared that we'd been in a recession for the entire prior year, since December of 2007. The same thing could happen this time.\n\n[https://money.cnn.com/2008/12/01/news/economy/recession/](https://money.cnn.com/2008/12/01/news/economy/recession/)\n\n**It's official: Recession since Dec. '07**\n\nThe National Bureau of Economic Research declares what most Americans already knew: the downturn has been going on for some time.\n\nBy Chris Isidore, [CNNMoney.com](http://CNNMoney.com) senior writer, **December 1, 2008: 5:40 PM ET**\n\nNEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1TeFloZjRRMjZfcDNtUm5oWkZCOENOWTVMNV9yWFBhWHg5T0F5X1NMWFVfUWhtSms5TTEwbWhRT29vNXozZDlLV1lMLXZUSklhSmNIdTVkNVBEZkRSZ1E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9pLVFXc1NrRWQzR3c5bnRRSncwQXVIbzZUQklidEtDdEo3TkRwcDR0R2RkS2pTQTFMX3BwalRMQWRuVi1HU2s4MVVYVklHbGtBZEI1WlJDdEhjTEw3SFZ6amRWY2xRdUlXWVY0RnRsWDVaNV9MdFJjakdaQm9laEpDU1pxUEVReUlDR3M2UXhaeFh6ZXdJdURueXpINU5INlBsUFg1SlRjX29zamc4cjIzOWVRR0dSa2NFbkI2cHZCWktJZFN6WlZTSkFQTGJMUzJEZno0a3JHUmVzSHVlUT09"
}
Explore Dataset Explore Row

Entry Information