FACT CHECK: Recessions Don't Begin When the National Bureau of Economic Research Announces them - they start after two consecutive quarters of negative GDP growth.

The Organisation for Economic Co-operation and Development (OECD) of which the United States and most other developed nations are members, defines a recession as a decline in Gross Domestic Product (GDP) over at least two consecutive quarters.¹ Virtually every high school economics textbook defines a recession similarly. In fact, college economics textbo…