Sujith P. answered 03/27/19
Former Professor at ASU with perfect teaching evaluation
Hi,
The country is most certainly in an economic downturn. In fact, the recession is continuing and getting deeper in the scenario you've described.
Let me compare this to the health of a person. If a person has a low level of Vitamin D and with each passing month the vitamin D level continues to drop, albeit at a slower pace than before, it won't be long before the person's bones become so weak that they'd break upon being exposed to a minimal shock. Only a rise in the level of Vitamin D signals an improvement in the person's health. Similarly, only an increase in the GDP signals a reversal of the downturn. Further declines, albeit at a slower pace, don't!
Regards,
Sujith