>There's not much room for interpretation there unless you choose a different definition of "recession".
Inexplicably, the mainstream definition of GDP omits to explain how GDP growth is distributed.
Equally inexplicably, almost all of mainstream economic policy and theory makes similar - let's be kind - interpretations about economic experience which privilege a certain perspective while ignoring other equally valid perspectives.
So technically you're correct.
Politically, in terms of the everyday experience of most of the population, 'The recession is over' is raving nonsense.
>It will probably just take a while for society to sort all of this out.
I'm betting on a millennium or two. (At least I would if it were practical.)
>I think most people reading this will be just fine and probably live really nice lives.
Inexplicably, the mainstream definition of GDP omits to explain how GDP growth is distributed.
Equally inexplicably, almost all of mainstream economic policy and theory makes similar - let's be kind - interpretations about economic experience which privilege a certain perspective while ignoring other equally valid perspectives.
So technically you're correct.
Politically, in terms of the everyday experience of most of the population, 'The recession is over' is raving nonsense.
>It will probably just take a while for society to sort all of this out.
I'm betting on a millennium or two. (At least I would if it were practical.)
>I think most people reading this will be just fine and probably live really nice lives.
So that's just fine, I guess?