slimgrin wrote...
But people are still recovering, right? I know I am for having my hours reduced to part time for nearly half a year.
The absolute value of the ecconomy is still well bellow what it was before the recession started, yes. But, not only did the recesion end some months back, we're actually experiencing positive growth at the moment. We really are not in a recesion in any sense of the word right now. I suppose it sounds like a matter of techinicalities. But really public impression has so much effect on the magnitude of growth or contraction that it's really important to keep people properly informed of exactly what is going on. In some ways public perception is like a self fulfilling prophecy.
Sylvius the Mad wrote...
As long as economic growth isn't negative, there's no recession.
It can actually still be negative and not really be a recession. It has more to do with the rate of change of the rate of change rather than the "up" or "down" of the rate of change.
Modifié par the_one_54321, 13 janvier 2011 - 05:03 .