Recession is a scary word but context is everything. The “flatten the curve” mentality temporarily closed many businesses, naturally leading to a period of decreased economic activity.
What happens when economic activity declines for an extended period of time? A recession, at least according to the technical definition.
But as businesses pick back up, economic activity does too. This slide shows that despite the uncertainty of the past couple of months, 91% of economists thank that the economic recovery has already begun, or will as soon as the 3rd quarter of this year.
