this post was submitted on 08 Jun 2023
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Eurozone slips into recession as revised data shows two quarters of economic contraction (www.cnn.com)
submitted 1 year ago by yogthos@lemmygrad.ml to c/europe@lemmy.ml
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[โ€“] maynarkh@lemmy.ml 0 points 1 year ago (1 children)

Quick question, wasn't that true for the US as well for a while? I seem to remember them meeting the same criteria for a recession, but the White House just said "it doesn't count!"

[โ€“] yogthos@lemmygrad.ml 15 points 1 year ago

yup, they just decided to redefine recession instead of admitting they're in one