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Estimates or reported? The recession based on two consecutive quarters is on reports not estimates of what is to be reported.



Reported as of current monthly figures. Estimates are even higher.

Keep in mind that the "two consecutive quarters" is just snapshots of the monthly data at 3 month marks. They get revised over time.

It's completely possible that data from Q2 will be revised upwards and there won't be two consecutive quarters of negative GPD in the future. The Q2 data has already been revised upwards once.




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