Data published yesterday showed the Euro-zone contracted in Q3, its second consecutive decline, resulting in a technical recession.
But, finally, even if we avoid a technical recession we cannot assume that the second quarter will bring more growth.
Analysts said that given these factors the economy was likely to shrink further in the current quarter and enter a technical recession.
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Some analysts believe Argentina could now be in technical recession.
BBC: IMF data deadline looms for Argentina's fragile economy
The technical definition of a recession is two consecutive quarters of negative growth.
It marks the second consecutive quarter of falling GDP, qualifying for what many consider to be the technical definition of a recession.
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The technical definition of a recession is two consecutive quarters of declining GDP, but at this point the distinction would only be symbolic.
They are basing their conclusion on the technical definition of a recession which is two or more consecutive quarters of negative economic growth.
Today, 43 months after the technical end of The Great Recession, surveys I report about on my radio program (NFIB, Tatum, our online poll, etc.), indicate that about a fifth of small businesses are doing well, about as many are doing poorly, and the middle 60% are doing just okay.
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Short-term technical strategist Chris Burba believes the prospect of a double-dip recession is already being felt in the financial and commodity markets, a potential boost for U.S. Treasuries as investors flee risk in all its forms.
Many technical analysts warned that the market was topping well before there were any clear signs of a recession.
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