Second quarter U.S. growth was negative. Recession? 

There was a 0.9% decline in the economy in the last three months.

The economy shrank for the second quarter in a row. GDP, or gross domestic product, fell by 1.6 percent in the first quarter of the year.

Although two consecutive quarters of negative growth is commonly referred to as a recession

The National Bureau of Economic Research, a non-profit, non-partisan organisation, determines when the U.S.