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Decisive Turn In Data Shows Recession Already Started

For months, economists and consumers have disagreed about whether we are in a recession.

Last week, the data took a decisive turn and declared the recession is here.

A group of economists with the National Bureau of Economic Research have an official meeting to determine when recessions begin and end.

Economists hold these meetings after they notice a downturn.

But announcements could come even a year after the economy made its turn.

The reason for the delay is…

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