That the U.S or for that matter many other countries are in recession is well known. The question is how does one measure recession? In the US the main yardstick is the shrinking of the GDP for two successive quarters. There are also many other indices that are closely monitored as indicating the health of the economy like retail sales, new house purchases and real estate prices, motor car sales, and so on.
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All Entries Tagged With: "Mathematics"
