What Are the Signs of a Recession?

Philip Lister: We're in this sort of environment where we've set up the conditions for an economic downturn, but we're not yet seeing it. What are the signs you normally see running up to a recession? And is this time different because we had this COVID shock and that distorted economy? But what normally should you see? And how does it compare to today? Right. You know, I think the interesting thing about this house of downturn is it's been sharper in terms of the quantities involved. But actually it's had very little financial fallout. So it's very different from the last time when the slide was more gradual, but the financial fallout was huge. The other