# GDP and Statistical Significance

Let’s say that we are defining a U.S. recession trend as 3 consecutive quarters of GDP decline. The GDP figures below would satisfy this definition. However, these figures are statistics taken from a population with zero sampling error. Q3, as it turns out, is NOT statistically significantly different from Q1. Does that mean the definition of recession is not satisfied?

Q1 – 0.8%

Q2 – 0.7%

Q3 – 0.6%