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For months now the dreaded "R" word has been floating around, and while most analysts are quick to point out that the technical definition of a recession has not been reached at this point, the signs are definitely pointing to a looming recession on the horizon. Now, there are a large selection of economists who are stating that the economy has already slid into a recession.According to a poll by the Wall Street Journal, 70% of 51 economists who were polled over the past week are now reporting that the economy has moved into a recession.
Before we move ahead, let's take a look at the technical definition of a recession:
In macroeconomics, a recession is a decline in a country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year
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