Sentences with phrase «definition of a recession»

The textbook definition of a recession is a downturn in economic activity, characterized by at least two consecutive quarters of decline in a country's gross domestic product (GDP).

With the negative growth measured in Q1, that would satisfy the technical definition of a recession.

Instead of bickering over the definition of recession, let's face reality: Canada's economy is stagnating

The commonly accepted definition of a recession is two consecutive quarters of negative gross - domestic - product growth.

There's no really useful definition of recession that I'm aware of which can be applied to data.

It will take some time before we know if Canada met the other definition of a recession used by the U.S. National Bureau of Economic Research and Canada's C.D. Howe Institute.

Meanwhile, numerous imbalances abroad could deliver shocks this year, any one of which could result in two quarters of negative growth here — the technical definition of a recession.

Philip Cross followed up his statement that 2nd quarter «GDP will almost certainly be positive» (based on an argument I personally found persuasive) by attacking the 2 - quarter definition of a recession.

Some consider two straight quarters of negative economic growth to be the definition of a recession.

But I'd be foolish to overlook that the legislated definition of a recession bestows practical meaning upon the consecutive quarterly declines, which actually makes it more meaningful than a «true» recession.

As some note, this becomes a purely academic exercise in correlation, as the Canadian economy recently experienced consecutive quarters of contraction (the introductory economics textbook definition of a recession), meaning the arrows are pointing in the same direction as that of the price of oil.

The three leaders offered sharp differences of opinion on the economic way forward after the agency reported on Tuesday that the economy contracted for a second straight quarter — the technical definition of a recession.

As a result, the negative GDP numbers in two or more quarters satisfies the definition of a recession.

Earlier this year, the economy fell into the technical definition of a recession after it recoiled for two straight quarters.

Recession The most common definition of a recession is a fall in real (inflation - adjusted) gross domestic product for two or more quarters in a row.

Not exact matches

The September 1 Gross Domestic Product release will be the one that will let us know whether or not we are in a recession, at least by the semi-official definition of «a period of at least two consecutive quarters of negative growth in real gross domestic product for Canada, as reported by Statistics Canada under the Statistics Act.»

Economists have a perverted definition of «recession», whereby it's considered official only if real GDP declines 2 quarters in a row. That's hilariously arbitrary. And -LSB-...]

As Canadians are becoming all too aware, the spectre of a recession, no matter the definition, looms large during an election campaign.

We have folks (the CD Howe Business Cycle Council) who have set the definitions and draw conclusions based on the data, and even still, there's what appears to be a fair amount of subjectivity and ambiguity involved with classifying recessions.

«Incoming council co-chair and economist Craig Alexander said if Tuesday's data shows a second consecutive quarter of negative growth, that would likely meet the council's definition of a category - one recession.»

So in summary, it is obvious we're in a balance sheet recession, because the information above is emblematic of structural unemployment, if not the definition.

It's one thing to have trillion - dollar deficits during a deep recession, but to create permanent trillion - dollar deficits projected during a time of economic expansion is the definition of irresponsibility.

With developed nations across the world slipping into recession one by one (Japan today becoming the latest) it is no real surprise that the adoption of something as frivolous as high definition technology may get sidelined.

Given that sabbatical (during which the Hong Kong - born, New York - based artist set up his Badlands Unlimited publishing house), perhaps it's fitting too that the first section of the book brings together a series of texts — «What Art Is and Where It Belongs» and «On Art and the 99 Percent» among them — that, at their heart, consider questions concerning the definition of art and its role in society, with a particular focus on its relation to ideas of home and community, much of it in the context of America's wars in Iraq and Afghanistan, and the subsequent global economic recession.