Is There a Recession?

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Katya Demitrieva: It's usually impossible to predict exactly when a recession will hit. She says economists need as much data as possible because some issues start to form in parts of the economy that you may not have thought about before. "The Som rule is a great indicator of where we are right now, right the second," she says.

Economists have more information at their fingertips than ever before. And yet, in many ways it’s become more difficult for them to predict if–and when–a recession is coming.

Why is that? US economy reporter Katia Dmitrieva joins this episode to talk about how economists peering into the future are turning to all kinds of tools–some expected (employment data), and others….not so expected (men’s underwear?).

And Simon Kennedy, who leads Bloomberg’s economic coverage, gives his answer to the question on everyone’s mind these days: will there be a recession this year, or not?

Read more here: https://bloom.bg/400cafw

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