Wikipedia takes cue from White House and re-defines “recession”
unherd.com
unherd.com
Wikipedia has changed the definition of ‘recession’ and locked the page from further edits. These changes were made during the week that the White House proposed a re-definition of recession to mean something other than two consecutive quarters of negative GDP growth.
It's never been a strict "2 consecutive quarters" rule.
It's as if they knew something was going wrong, so they needed to change it and give out excuses like this. It doesn't matter and it has already been indirectly admitted, that they are in a recession. Just look at the media scrambling to defend this administration's incompetency. It is indefensible.
This action tell us that it is probably going to get worse and even if the National Bureau of Economic Research (NBER) declares it, then the media and this administration will continue their denial.
Posting about it furthers their agenda because you're arguing over the meaning of a word instead of the actual economic problems. Regardless of what word is used the economic problems still exist. So instead of playing their game of division and distraction, perhaps it would be better to educate so better representatives are elected.