You're right. A recession is a.... Economists use it as a technical word, but for most people, it's a much more emotive word. You say “recession” and they think big job losses...very, very painful.
We are expecting growth to be around zero. That does mean that we could have two or three quarters of a small negative growth, so technically economists would call that a recession. It would be a mild recession.
It's not going to feel great, but it's not going to feel like what people think of when you say the word “recession”. We are not expecting large job losses or a very large increase in unemployment. Five per cent unemployment is probably not sustainable. To get the labour market in better balance and get inflation down, the labour market is just too tight. It does need to get better balanced. That does mean that the unemployment is going to go up a bit to get that balance, but this is still going to be a pretty healthy labour market. This is not going to feel like the kinds of recessions that we had in 2008, 1981 or 1991.