Calling the US Recession a Recession Is ‘Vitriolic’ Partisanship, Krugman Claims

Calling the US Recession a Recession Is ‘Vitriolic’ Partisanship, Krugman Claims
Economist Paul Krugman speaks with journalists after meeting Japanese Prime Minister Shinzo Abe in Tokyo, Japan, on March 22, 2016. Franck Robichon/AFP/Getty Images
Tom Ozimek
Updated:
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New York Times columnist and economist Paul Krugman insists the United States is not in a recession, that the term is essentially meaningless, and current efforts to apply the label to the U.S. economy amount to “vitriolic” partisanship.

Krugman made the remarks in an interview on CNN’s “Reliable Sources” program that aired on July 31, days after the U.S. economy met the rule-of-thumb definition for a recession, with GDP coming in negative for two quarters in a row.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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