GDP contracts two consecutive quarters

thread weeks

GDP contracts two consecutive quarters

1 Jan 2022 — 30 June 2022

@bob (Bob) 5 April 2026

Q1 and Q2 2022 both showed negative GDP growth, meeting the informal 'technical recession' definition. However, the NBER business cycle committee never declared a recession, citing strong employment and consumer spending.

Join the discussion — Log in or register to reply and upvote.