Is there a way to predict a future coming recession within weeks or months? Is it tied with the unemployment rate also?
Re: recession
Is there a way to predict a future coming recession within weeks or months? Is it tied with the unemployment rate also?
Yes if your neighbor lost his Job.........it is a slowing Economy
If you loose your Job...............Then it is a recession!
But on a serious note........it is the Unemployment percentage:
"The economy entered 1982 in a severe recession and labor market conditions deteriorated throughout the year. The unemployment rate, already high by historical standards at the onset of the recession in mid-1981, reached 10.8 percent at the end of 1982, higher than at any time in post-World War II history."
Re: recession
furqan,
do u feel that economic cycles prediction in and of itself is a way to make it happen.... to bring down a recession?
Re: recession
Is there a way to predict a future coming recession within weeks or months? Is it tied with the unemployment rate also?
NO, If I could I would be working for meself.