In the data that matters most, so far it’s a slowdown, not recession
By Courtenay Brown and Neil Irwin, Axios
A group of eight academics determines when the United States has entered a recession. The indicators they rely upon to make that call point to an economy that is slowing, but which is not particularly close to outright contraction.
Why it matters: Recession talk reached a high boil in recent days, after a weak July jobs report and a bout of stock market volatility. But the broad range of indicators used to measure economic cycles looks decidedly less gloomy.