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Judging Recession Forecasting Accuracy

In August 2011, ECRI declared a recession was upon us. If you spend enough time examining their initial proclamations it was literally that a recession was imminent, saying “It’s either just begun, or it’s right in front of us.” Subsequently they revised their call, saying the recession would hit “by mid year” 2012. At that time an array […]

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 IMPORTANT : SEE OUR 1Q2025 ECONOMIC WRAP IN THE COMMENTARY SECTION FOR AN UPDATE ON U.S AND GLOBAL ECONOMY AND RISING RECESSION RISKS.