Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it.
  • @firepenny@lemmy.world
    6•8 days ago

    We’ve probably been in a recession now for awhile. We won’t know officially until I’ll maybe, November? Figuring it usually takes 7 months for data to catch up and and a official recession needs to be 2 consecutive quarters of lost growth.

    • SeaJ
      7•8 days ago

      Two consecutive quarters and that is a very open definition since other factors also are considered.