Birdwatch Note Rating
2024-08-12 18:58:56 UTC - HELPFUL
Rated by Participant: C7690FE55A332E2482BEC12E3EB69BFFAA3ACE56A631E09ABDA8122E716CED60
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Original Note:
The confirmation of a recession typically happens up to 12 months after the period, due to a lag in economic data. As for the current time period, many economists predicted a recession in July 2024, so it is not "wrong" to think we are in a recession. https://www.bankrate.com/banking/federal-reserve/economic-indicator-survey-recession-risks-july-2023/
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