Learn how recessions are defined and the current risk of the US economy entering one.

If your GDP growth slows to a mere 1%, history tells us to watch out—negative growth is on the way. How likely is the US to face a recession this year, and how can we tell if that's happening?

Join Steve Odland and guest Yelena Shulyatyeva, Senior US Economist at The Conference Board Economy, Strategy & Finance Center, to find out the "official" definition of a recession, why inflation and growth patterns could diverge, and why uncertainty remains a key risk.

(01:21) Indicators of a Recession (02:46) Official vs. Unofficial Views on Recession (04:44) Current Economic Situation (06:02) Impact of Layoffs and Employment (15:36) Stagflation Concerns

For more from The Conference Board:

• Global Forecast Update

• Economic Forecast for the US Economy

• The Conference Board Leading Economic Index® (LEI) for the US Fell Further in February