Timely Macroeconomic Indicators for 2023
Abstract
Amidst the consensus that an economic downturn is soon arriving, this paper puts forth six indicators to predict when the next recession will start, understand when it is occurring as well as confirm when it has ended. By focusing on indicators with a shorter leading interval, an estimate for when a recession properly starts should be forecasted two to three quarters in advance, an understanding of when the recession has started within one quarter, and confirmation of when it has ended within three to four quarters.