'The recession is over.' This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.
About this quote
- What does it mean?
- Leaders repeatedly claim the recession is over without clear meaning.
- In plain terms
- Officials often say the economy is better without being specific.
- What can you take from it?
- Be skeptical of vague economic updates from leaders.
Where it applies
Putting it to work
Questions to consider
- How often do leaders repeat empty phrases?
- What defines an economic recovery?
Another view
It may not account for varying experiences of recovery.
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