Indicators that predict economic decline over periods of three to twelve months are called lagging economic indicators.

Name: Indicators that predict economic decline over periods of three to twelve months are called lagging economic indicators.
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Lagging economic indicators are metrics that are observed after an economy has already begun to follow a particular trend, used to confirm patterns rather than predict them. Leading economic indicators are the ones that predict future economic activity.

Indicators That Predict Economic Decline Over Periods of Three to Twelve