In the United States, a recession is generally defined as a significant decline in economic activity, which is typically measured by the country's Gross Domestic Product (GDP). A recession is generally characterized by a period of negative economic growth, which means that the GDP is contracting rather than expanding. The National Bureau of Economic Research (NBER) is the organization responsible for determining when a recession has occurred in the United States. The NBER considers a variety of factors when making this determination, including: Declining GDP: The NBER looks for evidence of a significant and sustained decline in GDP over at least two consecutive quarters. Rising Unemployment: The NBER also considers data on unemployment rates, as a recession is often accompanied by a rise in unemployment. Business Activity: The NBER may also examine data on business activity, such as sales figures and manufacturing output, to determine whether there has been a significant decline in economic activity. Income and Output: The NBER also considers data on income and output, as a recession is often accompanied by a decline in both. So what do you do differently as a business person. I've said for years "data is the new oil" We research data, phone number, email address, city, state, zip code, website address. Please call me to learn more. Bob Friedenthal Owner mycity.com 310-736-5787 M bob@mycity.com
