Well, the way economists calculate GDP is wrong. If Income is consisted of domestic consumption, exports, less imports, because the money got by exports is spent into the internal economy. It's clear that when you are calculating consumption it's decreased by imports. So domestic consumption is clear from imports and you must not decrease imports again. So, in 2Q data a decrease in imports mean an increase in domestic consumption. If you are decreasing imports again while calculating GDP again, a decrease in imports inflate GDP. So, right now we could be talking of recession because of 2 negative quarters. The truth is that for me 2 negative quarters don't need to be translated into a recession in a lot of cases.
