The US economy has shrunk for two consecutive quarters. That’s technically a recession. But economists aren’t so sure we’re actually in one. Madeleine Ngo and Jacob Goldstein explain. This episode was produced by Avishay Artsy and Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices