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I think a recession is considered official upon 2 consecutive quarters of
negative GDP growth. If a government agency were responsible for declaring
it by some arbitrary standard, they would never get declared.
Kent
-----Original Message-----
From: FPI <fpi@xxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Tuesday, June 06, 2000 5:06 PM
Subject: Recession Data
Does anyone know what govt agency is responsible, if any, for determining
officially when a recession starts and stops?
I have data from the Business Cycle Dating Committee of the National Bureau
of Economic Research, but that's a private organization.
Any URL that may be helpful would also be appreciated.
I basically want to know the month & year of each "official" recession
since 1948.
Many thanks,
FPI
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