Our needlessly-precise definition of a recession is causing us needless trouble
- Written by The Conversation
Later today we’ll know what the bushfires and the coronavirus did to the economy in the three months to March: whether gross domestic product grew (as is usual) or whether it shrank (as is rare, and heralds a recession).
Gross domestic product (GDP) is an imperfect measure of everything that’s produced in the three...
Read more: Our needlessly-precise definition of a recession is causing us needless trouble