How is the great recession measured?

The Great Recession is primarily measured by analyzing key economic indicators such as Gross Domestic Product (GDP), unemployment rates, and consumer spending. A significant decline in GDP over two consecutive quarters, along with rising unemployment rates and reduced consumer confidence, are used to identify the recession's severity. Additionally, metrics like housing market performance and Stock Market trends also provide insights into the economic downturn's impact. These indicators collectively help economists assess the recession's duration and depth.