In an opening keynote speech at Everything Channel's 2008 VARBusiness 300 Conference in June 2008, Buchholz said he believed that the U.S. economy, while undoubtedly in a slowdown, would avoid two consecutive quarters of negative GDP, the classic definition of a recession.
The U.S. economy, while undoubtedly in a slowdown, would avoid two consecutive quarters of negative GDP. This was what he believed. This was what Buchholz said in an opening keynote speech at Everything Channel's 2008 VARBusiness 300 Conference in June 2008. Negative GDP was the classic definition of a recession.