Economics
Business Cycles and Recession Indicators
Quick fact
The National Bureau of Economic Research (NBER) officially declares recessions in the US, but they often announce it after the recession has already begun, sometimes even after it has ended!
Why this is interesting
You've probably heard that the economy is booming or heading for a recession. But how do we actually know? There's no single switch, yet economists watch specific signals to detect the turning points of the economy.