The U.S. economy contracted in the first quarter, but it takes more than one bad quarter of GDP for a recession to officially begin.

Woodward/The Washington Post via Getty Images, FILE What is a recession ... account several indicators that must convey “a significant decline in economic activity spread across the economy ...

Photo: Getty Images ... U.S. economic prospects, with predictions emerging for losses of up to five million jobs this year and a drop in economic output of as much as $1.5 trillion. A recession ...

(Photo by Spencer Platt/Getty Images ... Yet the recession hasn’t arrived, and the pessimists haven’t stopped talking. They should, because we see good signs in the economy.

Famed investor Michael Burry delivered arguably his most dire warning about the current US economy to date late ... market during the Great Recession. Getty Images “In the same way that people ...

People perceive race differently during an economic downturn, a recent study suggests ... participants were asked to identify whether select images depicted black people or white people, while ...

SimpleImages / Getty Images A recession is a significant, persistent, and widespread contraction in economic activity. Since the Great Depression, the United States has suffered 14 official ...