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In case you've been wondering...

The group that gets to decide these kinds of things, the National Bureau of Economic Research, announced today that we're officially in a recession.

And have been since December of last year.

Just a quick translation. When they say 'peak' in economic activity? That means it's all been downhill from there.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

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