The US will tip into a recession in mid-2023, according to an indicator that's declined for 12 consecutive months
for the US dropped for the 12th consecutive month in March, signaling that a recession is set to hit in the middle of 2023.
In the six-month span leading up to March, it fell 4.5%, a steeper drop than the 3.5% contraction from the preceding six-month stretch. The Leading Economic Index has seen its sharpest reversal on record outside of a recession dating back to the 1950s, Wells Fargo economists said in a recent note, and presents a"clear message" that a downturn remains ahead., have been positive contributions over the last six months.
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