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Originally Posted by August
The point is you are jumping the gun to declare the recession over. What increases we've seen are minuscule and could easily be temporary.
*I hope that is not the case.* but to declare that we're on the road to recovery is at best premature and at worst putting lipstick on a pig.
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You are correct in saying that it could very easily slip back into recession and to some extent it remains to be seen if the road to recovery is sustainable and long term, but based upon the available empirical data the country is indeed out of the recession (i.e. contraction) stage at this point in time.
And tater, there is no one single benchmark test of a recession or recovery. Instead, folks in my business look at a variety of factors and how they interplay and affect each other. The old saw about "two quarters of positive/negative GDP" oversimplifies things.