How could there be another recession when we're not even out of the first recession? True, things may have been getting better for the past year, but we're definitely not anywhere near out of the 2009 recession. Now, it is very possible we may go back down hill, but it will be dubbed to be a continuation of the Great Recession.
We are out of the recession and have since last summer. GDP and jobs dont grow during a recession.
Mr. Phips is right on this one, at least from a technical sense. However, many people still think we're in a recession because unemployment is still very high and not declining, and it sure feels like the economy is still in a recession.
