{"id":17026,"date":"2025-03-29T19:41:53","date_gmt":"2025-03-29T19:41:53","guid":{"rendered":"https:\/\/lonecandle.com\/?p=17026"},"modified":"2025-03-29T19:41:55","modified_gmt":"2025-03-29T19:41:55","slug":"about-that-2022-technical-recession","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=17026","title":{"rendered":"About that 2022 “technical recession”"},"content":{"rendered":"\n

“Remember two years ago<\/a>,when GDP was reported as having shrunk for two consecutive quarters, and there was an entire exhausting<\/a> discourse about whether it qualified as a recession? Turns out it was a statistical illusion.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“The Commerce Department published on Thursday morning revised GDP data for the past several years based on more complete information. One of the adjustments: GDP is now estimated to have grown in the second quarter of 2022 at a 0.3% annual rate.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“The revisions also point to more robust GDP growth throughout the post-pandemic expansion, with 2021 GDP growth revised up by 0.3 percentage points, 2022 up 0.6 points, and 2023 up 0.4 points.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“GDP growth numbers for the second half of 2023 were revised down, pointing to some deceleration of activity heading into 2024.”<\/p>\n\n\n\n

https:\/\/www.axios.com\/2024\/09\/26\/2022-recession-gdp-revision<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“Remember two years ago, when GDP was reported as having shrunk for two consecutive quarters, and there was an entire exhausting discourse about whether it qualified as a recession? Turns out it was a statistical illusion.”<\/p>\n

…<\/p>\n

“The Commerce Department published on Thursday morning revised GDP data for the past several years based on more complete information. One of the adjustments: GDP is now estimated to have grown in the second quarter of 2022 at a 0.3% annual rate.”<\/p>\n

…<\/p>\n

“The revisions also point to more robust GDP growth throughout the post-pandemic expansion, with 2021 GDP growth revised up by 0.3 percentage points, 2022 up 0.6 points, and 2023 up 0.4 points.”<\/p>\n

…<\/p>\n

“GDP growth numbers for the second half of 2023 were revised down, pointing to some deceleration of activity heading into 2024.”<\/p>\n

https:\/\/www.axios.com\/2024\/09\/26\/2022-recession-gdp-revision<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[217,165,1348,592],"class_list":["post-17026","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-gdp","tag-recession"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17026"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17026\/revisions"}],"predecessor-version":[{"id":17027,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17026\/revisions\/17027"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}