Is There a Recession Right Now?

The committee emphasizes economy wide measures of economic activity. It waits until sufficient data are available to avoid the need for major revisions to the business cycle chronology. In determining the date of a peak in activity, it waits until it is confident that a recession has occurred. The n b e r is basically saying that non farm pay roll employment has been a key factor in how they determine recessions. I think this forms a sort of interesting rorshack test for the state of economic and political discourse. According to june sixteenth, economists and ugov pole, 56 % of respondents believed that we are going through a recession. Only 22 % disagreed, and 22 % said they weren't sure

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