How GDP Tells Us if We're in a Recession | WSJ

The U.S. economy contracted 4.8% in the first quarter of 2020. With the coronavirus crisis continuing into the summer, economists are expecting an even steeper contraction in the second quarter. WSJ's Carter McCall explains how GDP is calculated and how the coronavirus is impacting the equation. Photo Illustration: Jacob Reynolds/WSJ

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[decorator_name]

Next video: how temperature tells you if it's freezing

[Je.rone_]

*Wealth can be built because of a recession if you play your cards right*

[prospecops]

If I pay you $20, 000 to punch me and you pay me $20, 000 to punch you, we both have 0$ net gain yet the GDP grows by $40, 000.

[DavidMartinez-iley]

I liked the “ might start to recover “

[Medicine]

It's lower than before.

Give me the Nobel Memorial Prize in Economics.

[SuperStargazer]

That final “might start to revover” was somewhat half-hearted

[markmaugle]

One of the two industry items WSJ cited was Oil, which was directly effected by the response the the virus. So why aren’t you proposing some solutions to the problem? I would think that the WSJ would be interested in seeing the economy grow.

FED hears the word "recession" and the printer goes

[clintonbates]

If you really want to know how the economy is doing ask your local business owners. The market right now is extremely hyper inflated and the bubble will eventually burst

[Kangroo]

it took 2 months to tell wall street journal to tell us that are we in recession ?

[djmauropicotto]

Recover to what? Its was already going down even before the pandemic.

[terencekwong]

when the news mentions military got more money than they asked for - this is good for GDP? Recession avoided 😅

[fturla___]

This video fails in providing actual defined recessionary and recovery phase information. It approaches the topic then the graph, video, and data points in the end are left out.

[importantname]

Growth is why the climate of our planet is of minor importance - Economy First

[curtiscarpenter]

GDP is something we will be needing to rethink a lot over time towards its overall use, look at the bottom window fallacy.

[businessplus]

How to tell if a country is in a recession: Two quarters of consistent negative GDP growth.

[berrybear]

That means
-0.25trillion in the 1st Q
-2trillion in the 2nd Q

[isdre]

The entire concept that a recession is signaled by 2 consecutive quarters of GDP contraction is silly. That notion came from a newspaper article decades ago in which one economist was asked how we would know if we are in a recession. He gave a ton of different indicators, but this '2 quarters' indicator was the easiest for the media and people to remember.

[UXtatic]

GDP does not measure well, only about corporations and the country, not the people in the society...find a different measure.

[Ayella_]

What can be used to create such videos?