Here's the "output gap." It tends to rise before recessions (the grey bars). Along with the yield curve, it's one of the better recession predictors. pic.twitter.com/YE5LVFWFvI— Eddy Elfenbein (@EddyElfenbein) August 13, 2019
Here's the "output gap." It tends to rise before recessions (the grey bars). Along with the yield curve, it's one of the better recession predictors. pic.twitter.com/YE5LVFWFvI