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Trump Is Kicking the Economy While It’s Down | How the war with Iran could lead to a recession
(www.theatlantic.com)
this post was submitted on 19 Mar 2026
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United States | News & Politics
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There's a formal definition of recession — two or more quarters of declining GDP. Weren't into that at a national level, even if some specific areas were.
Normal people associate recession with their own lives getting shittier. That used to happen when the GDP shrunk multiple quarters in a row. Now wealth inequality has enabled regular peoples’ lives to get shittier even with a rising GDP. So the official recession definition has lost all meaning for regular folk.