The U.S. is officially in a recession

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And it started in February.

The economy collapsed so rapidly that NBER wasted no time in announcing a recession, a stark contrast to previous downturns when the body took upwards of a year to declare what most people already knew. This was the fastest that NBER has declared any recession since the group began formal announcements in 1979.

Social distancing requirements imposed to fight the pandemic have crushed broad swaths of the US economy, from airlines and cruise ships to restaurants and Broadway shows.

"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions," NBER wrote.
Another one thanks to a Republican. According to the rule, it'll take a Democrat to get us out of it.
 

Eunoli

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I prefer if we call it the Trump Recession, only because I know it'll give him constant night willies.
Whatever we call it, it should always have tall letters in a gaudy shade of gold and with some wealthy revelers drinking champagne, laughing and pointing down from the top of the T.
 

Sid

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To be a little more honest, the whole world is facing economic downtime.
It is a bit to much honer to shove this one on the plate of your national genius.
Although it might help him not being reelected. (Fingers crossed)