The US Economy Recession Tracker

(January 2023) Whether or not the U.S. economy is in recession? The state of the US economy has been widely discussed among politicians, economists and market professionals since the summer of 2022 after the US Bureau of Economic Analyses reported the decline in gross domestic product for the second connective quarter. 

According to the general definition—two consecutive quarters of negative gross domestic product (GDP)—the U.S. entered a recession in the first quarter of 2022. However, the National Bureau of Economic Research who defines turning points in the US economic activity, says that recession is a significant decline in economic activity that is spread across the economy and that lasts more than a few months. Which means that the US economy was not in a recession in the summer of 2022. Nevertheless, monetary policy tightening by The Federal Reserve in order to moderate inflation could send the US economy into recession.

In this dashboard Knoema collected 15 key macroeconomic, market, labor, confidence and housing indicators that will help do define whether the recession is coming.