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Here’s how to know if we’re in a recession, and it’s not what you think

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Here's how to know if we're in a recession, and it's not what you think

People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022.

Andrew Kelly | Reuters

Everyone who cares knows that recessions happen when there are two consecutive quarters of negative growth — everyone, that is, except for the people who actually decide when the economy is in recession.

For those folks, at the National Bureau of Economic Research, the definition of recession is much squishier.

Officially,

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