The Leading Economic Index fell in July, August, and September, the same three months compared to the previous year. Therefore, a recession in the near future should be expected.

Question

Quizplus · Accepted Answer

The Leading Economic Index falling in three consecutive months compared to the previous year is not necessarily an indication of an upcoming recession. Other economic indicators and variables also need to be taken into consideration before predicting a recession.

The Leading Economic Index Fell in July, August, and September