Quote:
Originally Posted by sperry
How can you have a negative GDP? How do you produce less than zero?
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They are referring to year to year or Quarter to Quarter change. If GDP was $100 last period and $99 this period, that is a negative 1% (period1-period2)/period1 change in GDP. 2 or more consecutive quarters of negative Q to Q change = recession. (I think it is Q to Q not Y to Y...)