Whether The U.S. Economy Is In Recession Or Not, Maintain Your Perspective Some believe the U.S. economy is already in a recession, while others point out that the definition of recession is two consecutive quarters of negative GDP growth which has not yet occurred. Regardless, with healthcare, food and crude oil prices spiking, the average American is not as well off as he was last year. So how should you approach the current U.S. economy? U.S. Economy’s Cycle First of all, remember that our economy is cyclical, punctuated by highs and lows along the way. And when it comes to recessions , they typically last approximately six to eighteen…