The financial press often defines recession as a technical term, meaning any two sequential quarters of negative GDP growth. NBER has a slightly different defin

The financial press often defines recession as a technical term, meaning any two sequential quarters of negative GDP growth. NBER has a slightly different definition [1]. [1]: http://www.nber.org/cycles/recessions_faq.html http://www.nber.org/cycles/recessions_faq.html