Economist Mark Zandi says 22 states are already in recession based on 2 clear indicators. How to protect yourself now

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The National Bureau of Economic Research (NBER) defines a recession as a "significant decline in economic activity that is spread across the economy and that lasts more than a few months."

In practice, a recession is generally defined as at least two consecutive quarters of a decrease in gross domestic product (1), and the U.S. is edging closer to fulfilling this dictionary definition.