The following graph demonstrates the percent change in Real GDP of iceland. Find the periods of recession, as well as the magnitude and duration of the recessions. Note: in this case, a recession means that there has been at least 2 consecutive quarters of negative growth in GDP.

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FRED ~ - Real Gross Domestic Product for Iceland Percent Change from Year Ago of (Millions of Chained 2010 National Currency) 15 10 5 0 -5 -10 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Source: Eurostat fred.stlouisfed.org