Not a recession yet. So say the new GDP numbers:
[T]he economy grew 0.6 percent in the first quarter. Now that’s not a robust number by any means, but it’s not so bad given all the worry out there that the economy is headed off a cliff. Before you declare a recession, as many economic pundits have, shouldn’t the economy, well, actually recess a bit—if only for a quarter? Remember, the shorthand rule for declaring a recession is back-to-back quarters of negative growth.