Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’

Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’
People walk by the New York Stock Exchange (NYSE) in New York City on June 14, 2022. Spencer Platt/Getty Images
Emel Akan
Updated:
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White House economic advisers issued a note on Thursday clarifying the definition of recession prior to the release next week of probably dismal economic data.

Most economists generally look for two consecutive quarters of decline in gross domestic product (GDP) to determine whether an economy has entered a recession. The White House Council of Economic Advisers, however, opposes this definition in a new blog.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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