In chronological order of what I expect the White House, Treasury, and Fed to say:
By most definitions we are not in a recession.
Our exports agree we are not in a recession.
We are in a recession by most definitions, but it is mild and transitory.
We are in a recession, but it is mild and transitory.
We are in a recession but it is transitory.
We are in a recession, but not a depression.
By most definitions we are not in a depression . . . and so on.