How to predict recession?
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a recession is a serious downturn in an economy that lasts longer than a few months. The technical definition is a period of at least two consecutive quarters of negative economic growth. Negative economic growth in this instances is measured by gross domestic product (GDP). Often, though, the term recession is used more broadly than that technical definition.
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If the yield curve is inverted and the long-term yield is lower, that can signal a lack of faith in the economy and that a recession is on the horizon. An inverted yield curve has signaled every U.S. recession since 1970. Another sign of an impending recession is a decline in manufacturing jobs.
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