If you are about to hate-post "The definition of a recession is two quarters of declining GDP!": the article already says that, so this would be a waste of time unless you have further suggestions for improving the article.
If you are here to complain Wikipedia changed the definition to favor the Biden administration, please don't, because 1.) the article has mentioned both the "two quarter" and NBER definitions for years, and that hasn't changed recently, 2.) after discussion by editors from a diversity of political perspectives, the introduction has actually been changed so it emphasizes the "two quarter" definition a little more, which we expect you will find satisfactorily neutral. But feel free to leave a note if you read the article and still have concerns.
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Indeed the article lead says "two consecutive quarters of decline in a country's real gross domestic product (real GDP) is commonly used as a practical definition of a recession". Where did you get "couple of months" from? The article does not have that text. – wbm1058 (talk) 16:54, 25 August 2022 (UTC)[reply]
A quote from the introduction: "In the United States, a recession is defined by the National Bureau of Economic Research (NBER) as "a significant decline in economic activity spread across the market, lasting more than a few months" – 'Significantly' and 'lasting more than a few months'. Probably wise economists have written much about the meaning of these words to civilize the American people that live in the middle of poor information, that is, advertisements. 17:34, 7 October 2022 (UTC) Jari Rauma (talk) 17:34, 7 October 2022 (UTC)[reply]
I agree, I reverted. The lead has been the subject of extensive discussion on this talk page, including RFCs. We need to respect the outcomes of those discussions. MrOllie (talk) 16:21, 15 August 2023 (UTC)[reply]
It's the global/scholar definition. Same everywhere.
This article was the subject of a Wiki Education Foundation-supported course assignment, between 9 January 2024 and 12 April 2024. Further details are available on the course page. Student editor(s): Hachaudhari (article contribs).
Wow, that kerfuffle feels like such a long time ago. A good example of why recession is a retroactively-defined concept by economists Andre🚐22:55, 26 September 2024 (UTC)[reply]