You are presented with the following information about the economy. In each case, describe whether the economy is particular strong, average, or particularly weak.
(a) The median value of the employment cost index is about 2.6% and the current value is 2.8%.
(b) The median value of the annual growth of the S&P 500 is about 12%, and the current value is 1%.
(c) In the US, the median value of the ISM Purchasing Managers Index is about 52.5, and the current value is 40.
Correct Answer:
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