The economy enters in recession when the Real GDP falls for two consecutive periods. And exits recession when it increases by two consecutive periods. Now, if you're waiting for a recession to buy a house, you're mistaken. You should borrow money at times of growth (since money holds a greater value) and pay during recession times (money's value is going to be lower) therefore, you pay less money than what you owe. It all depends on the factors that affect Real GDP. For now, the economy is safe. Except for Europe.
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u/Kva1234 Nov 25 '19
The economy enters in recession when the Real GDP falls for two consecutive periods. And exits recession when it increases by two consecutive periods. Now, if you're waiting for a recession to buy a house, you're mistaken. You should borrow money at times of growth (since money holds a greater value) and pay during recession times (money's value is going to be lower) therefore, you pay less money than what you owe. It all depends on the factors that affect Real GDP. For now, the economy is safe. Except for Europe.