Trust in the data produced by statistical agencies is fundamental to the functioning of a democratic society. Unfounded attacks on those institutions, rather than constructive dialog to identify problems and suggest solutions, causes incredible damage.

The negative growth in real GDP for the first quarter of 2025 does not mean we are in a recession. Check out the video below to learn how recessions are called and by who.

Upjohn Institute@upjohninstitute.bsky.social · last yr.

Even more relevant in light of the first-quarter decrease in real GDP: Explainer video from our @mikehorrigan.bsky.social on what goes into declaring a recession. #Econsky