More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years.
According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn.
A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters.
Under those terms, the U.S. is definitively not in a recession.
GDP grew by 1.6% in the first quarter of 2024. Granted, that is a decelerated rate from the 3.3% growth of the fourth quarter of 2023, but it is not recessionary. U.S. GDP…
