Last time we revised the definition of recession and maintained that the definition was outdated for our modern economy.. This time we will change the algebraic convention and claim that (-) is the now (+) and the sign convention was too old and confusing.
Last time we revised the definition of recession and maintained that the definition was outdated for our modern economy.. This time we will change the algebraic convention and claim that (-) is the now (+) and the sign convention was too old and confusing.
Hi Luke,
What is the source of this number? Is it Atlantic Fed? I don't see anything for Q3 on the BEA releases.
Cheers,
DV