Wikipedia has implemented restrictions for new and unregistered users who try to edit its page about recession. According to The Hill, new users and anonymous users will be able to make changes to the recession page, but their edits will be subject to review from volunteer editors.
The definition of recession has been under intense debate since last week, when the Commerce Department revealed U.S. gross domestic product (GDP) fell by an annualized rate of 0.9% during the second quarter of 2022. This followed a 1.6% contraction in the first quarter with an annualized rate of 1.6%.
Traditionally, two consecutive quarters of decreasing GDP — which measures the goods and services a country produces — is considered a recession. However, Treasury Secretary Janet Yellen has denied the U.S. is in a recession. During a recent appearance on NBC’s “Meet the Press,” Yellen stated, “This is not an economy that’s in recession. But we’re in a period of transition in which growth is slowing and that’s necessary and appropriate and we need to be growing at a steady and sustainable pace.” President Biden has similarly said that the current economic situation “doesn’t sound like a recession.”
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