A recession is defined as two or more consecutive quarters of contraction.
Two or more consecutive quarters of contraction mean the economy is officially in recession.
Conversely, when it experiences two or more consecutive quarters of negative GDP growth, the economy is generally considered to be in a recession (also called economic bust).
Of more than 4,000 companies it studied, StarMine identified 29 with current strings of 20 or more consecutive quarters exceeding consensus estimates.
It is not scaremongering to suggest there is a distinct possibility of a full-blown recession (usually defined as two or more consecutive quarters of GDP contraction) in the next couple of years.
Economists polled by Reuters are forecasting 0.1% growth for the eurozone as a whole and for Germany, but there is a risk that both could have slid back into recession, defined as two or more consecutive quarters of contraction.
Many if not most economists now say the economy has entered a recession, which is usually defined as two or more consecutive quarters in which total economic output declines.
Although there is no precise definition of a recession, it is generally considered to be two or more consecutive quarters in which gross domestic product, or total output, shrinks.
While EABSDC defines a recession phase by identifying two or more consecutive quarters with negative growth rates, we use a MS-AR model to identify business cycle phases.
Recession is generally defined as negative growth for two or more consecutive quarters, and negative growth of more than 5% is unusual [ 20].
