U.S. President Donald Trump walks on the South Lawn of the White House. (Photographer: Stefani Reynolds/Bloomberg)
(Bloomberg Businessweek) -- On Monday, the National Bureau of Economic Research—the official government arbiter of recessions—formalized what most people already assumed: The U.S. economy entered a recession in February. The timing could hardly be worse for President Trump, who’s up for reelection in less than five months.