Economic Indicators 

Causes of recession

Chris Dillow

Chris Dillow
Causes of recession

Economists cannot forecast recessions. Back in 2000 Prakash Loungani, an International Monetary Fund (IMF) economist, said their “record of failure to predict recessions is virtually unblemished”. And this has remained largely the case since: economists did not see the 2008-09 recession coming until it was on top of them.

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