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Earlier this year, Brazil fell into recession, with G.D.P. declining in two successive quarters.
Economists usually define a recession as two successive quarters of negative growth.
It only takes two successive quarters of contraction to constitute a technical recession.
In May, Blackwater boasted of "two successive quarters of unprecedented growth".
Some economists, such as me, rely on the convention that two successive quarters of negative growth mark the beginning of a recession and two successive quarters of positive growth mark the start of an expansion.
It had two successive quarters of growth in 2011 before posting zero growth in the third period.
Similar(28)
There is now a serious risk that South Africa, hitherto fairly well protected by its well-regulated banking system from some of the squalls, will follow its main trading partners in America, Europe and Japan into a technical recession two successive quarters of negative growth for the first time in 17 years.Almost every day seems to bring more bad news.
Three successive quarters of falling production mean that manufacturing is already officially back in recession.
From the third quarter of 1990 onwards, the economy recorded five successive quarters of negative growth.
WA's annual growth in state final demand has been negative now for four successive quarters.
We have now seen four successive quarters of significant growth and the economy does seem to be improving more consistently.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com