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GDP, or Gross Domestic Product, is the broadest measure of economic activity. It represents the total value of goods and services produced in a country over a specific period. In the first two quarters of 2022, the U.S. experienced negative GDP growth, with a decline of 1.6% in the first quarter and 0.6% in the second quarter. This met the technical definition co-founder vs cofounder of a recession, which often leads to the common **misconception** that two consecutive quarters of negative GDP growth automatically signify a recession. However, the NBER looks at a broader range of indicators. While the negative GDP figures raised concerns, other aspects of the economy showed resilience. In the latter half of the year, GDP growth rebounded, alleviating some of the initial fears.
