A recession is two consecutive periods of negative growth. So usually a "technical recession" means "we meet the criteria for a recession but we're not experiencing the bad effects you'd expect (yet)"

[–] BalpeenHammer@lemmy.nz 4 points 5 months ago (1 children)

The point is that the word recession has a meaning, the meaning is accepted worldwide, and we are in one. I would also dispute that we are not experiencing the bad effects. The polls seem to indicate the public is feeling quite a bit of pain.

[–] TheChurn@kbin.social -1 points 5 months ago (2 children)

Well 'we' aren't actually in a recession. Economic growth in the US has been positive the last several quarters.

[–] BalpeenHammer@lemmy.nz 1 points 5 months ago

Who is the "we" you are talking about?

[–] kaffiene@lemmy.world 1 points 5 months ago

Possibly in NZ Politics the "we" context would be obvious?