A recession will not be declared until Q1 of the following year, assuming Q3 is positive and both Q4 and Q1 are negative.
"So if Q4 is negative and then Q1 is negative which we wouldn't know until April, May, June, that is the soonest that it could be declared that we're in a recession. assuming the Q3 is positive and the Q4 and Q1 is negative."
