Timothy Sumer

Gloom, Boom & Doom Report editor Marc Faber, also known as 'Dr Doom', says a recession in Australia this year is inevitable. Subscribe: Read more here: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Renowned Swiss investor Marc Faber has made a bold prediction that Australia is likely to experience

No one indicator is used to determine a recession. Rather, it’s a group of people, called the Business Cycle Dating Committee. WSJ explains how this group decides when the U.S. has entered a recession, and why knowing that date is so important. Illustration: Jacob Reynolds WSJ Glossary Markets and economics are complex. It's easy to be overwhelmed by a sea of wonky indicators and lose track of why they matter. This series breaks down the basic terms and ideas that move the markets. #Recession #Economy #WSJ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing In the realm of economics, a recession is defined as two consecutive quarters of negative economic growth. But who decides when a recession officially begins? That responsibility falls to the National Bureau of Economic Research's Business Cycle Dating Committee, a little-known gro