The United States recession started in Q1 2020, January to March!

The United States recession started in Q1 2020, January to March! The United States GDP growth for Q1 2020 was -4.8.

The negative GDP growth Q1 2020 was worse than the start of the last Great Recession from 2007 to 2009.

The most popular definition of a recession is 2 consecutive quarters of negative gross domestic growth (GDP) but does not always fit every recession.

The last recession by NBER started in December 2007 to June 2009.
❌2007 Q4 to 2009 Q2.
⭕️-2.3 growth in 2008 Q1
⭕️-13.6 growth from 2008 Q1 to 2009 Q2
↔️The recession lasted 1 year and a half
🖕🏽The global recession was started by the United States of America.

Covid-19 recession started at the end of January 2020.
❌2020 Q1 – TBD (to be determined)
⭕️-4.8 growth in 2020 Q1
⭕️Many forecasts a GDP growth of -10 or worse for 2020 Q2.
↔️The recession will be at least 9 months or more!
🖕🏽The global recession was started by China.

Covid-19 recession is worse than the last recession! 😟

What do you think❓How long will the COVID-19 recession last and will it be worse than the last recession❓

Source: Trading Economics Graph with 2007-2010 quarterly GDP growths, data by U.S. Bureau of Economic Analysis.