More bullshit.
The classic definition of a recession is at least two consecutive quarters of negative growth. The NBER doesn't rely on the classic definition; but instead, considers a recession to be a
"significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
What you described fits neither description.
So the significant decline of economic growth started in October 2000, while Clinton was President. Thank you.
No one denies there was a decline in economic growth in 2000. But by no measure ... not the classic definition of a recession ... not the parameters measured by the NBER ... not even by your made up definition ... by no measure does that qualify as a recession. You'll also note GDP in Q4 of 2000 was 2.1 percent.
As even you admit -- the recession began in March, 2001 -- Clinton was not president.
Never said he was President, I have said that over and over. The recession began less than 40 days after Bush became President, how in the hell can a logical person think that Bush caused the recession. If you can't read what I write, please don't respond with BS.
What a little right winger you are.
The
early 2000s recession was a decline in economic activity which mainly occurred in developed countries. The
recession affected the
European Union during 2000 and 2001 and the
United States in 2002 and 2003. The
UK,
Canada and
Australia avoided the recession, while
Russia, a nation that did not experience prosperity during the 1990s, in fact began to recover from said situation.
Japan's 1990s recession continued. This recession was predicted by economists, because the boom of the 1990s (accompanied by both low
inflation and low
unemployment) slowed in some parts of
East Asia during the 1997
Asian financial crisis.
The recession in industrialized countries wasn't as significant as either of the two previous worldwide recessions.
Some economists in the United States object to characterizing it as a recession since there were no two consecutive quarters of negative growth.