Remove featured-insights employment-and-growth is-gdp-the-best-measure-of-growth
article thumbnail

Preparing Your Business for a Recession

Michigan CFO

According to the traditional definition–two quarters of negative GDP growth–it’s already here. GDP, or gross domestic product, is the total amount of spending by end users in the economy. Traditional economic statisticians define a recession as two consecutive quarters of GDP decline. But what is a recession?