Sibley Creek Data commentary Output
The take
The media often defines a recession as two consecutive quarters of negative real GDP growth. Since 1961 that rule has fired eight times — but Canada has had only five official recessions.
Sibley Creek Data commentary Output
The media often defines a recession as two consecutive quarters of negative real GDP growth. Since 1961 that rule has fired eight times — but Canada has had only five official recessions.
Two negative quarters of real GDP growth is just a rule of thumb.