Is This the Shortest Recession Ever?

“The 32.9% GDP plunge in the second quarter overstates the severity of the recession quite a bit,” according to Early Retirement Now.

“Even though the 2020 recession spanned two quarters, Q1 and Q2, if we look at the economy at a monthly frequency, the drop in economic activity was concentrated in March and April only. January and February still saw solid growth and thus were still considered part of the longest economic expansion on record.”