Why Recessions Are Not about Declining GDP
Jun 30, 2025
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Episode description
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.
Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
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