{"id":246729,"date":"2023-07-21T14:41:35","date_gmt":"2023-07-21T14:41:35","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=246729"},"modified":"2023-07-21T14:41:35","modified_gmt":"2023-07-21T14:41:35","slug":"lei-drops-in-us-raises-recession-concerns","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/lei-drops-in-us-raises-recession-concerns\/","title":{"rendered":"LEI Drops in US, Raises Recession Concerns"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong> <\/a>&#8211; One of the indexes created to monitor business cycles in the United States has dropped 15 times in June, indicating a potential recession. A fragile customer prospect has led to the index\u2019s drop and raised the number of individuals requiring unemployment benefits.<\/p>\n<p style=\"text-align: justify;\">The multiple drops were the most significant in the country since the events before the Great Recession of 2007-2009.<\/p>\n<p style=\"text-align: justify;\">Conference Board, a non-profit, stated that the Leading Economic Index (LEI) fell to 106.1 last month, accounting for 0.7%. The drop followed another drop of 0.6% in May. LEI is a measuring system that projects the economy\u2019s activities.<\/p>\n<p style=\"text-align: justify;\">The drop was sharper than the average projections of economy experts, according to a Reuters poll.<\/p>\n<p style=\"text-align: justify;\">Among the experts is Justyna Zabinska-La Monica, senior manager of business cycle indicators at The <a href=\"https:\/\/www.conference-board.org\/\">Conference Board<\/a>. \u201cTaken together, June\u2019s data suggests economic activity will continue to decelerate in the months ahead,\u201d she stated.<\/p>\n<h1 style=\"text-align: left;\"><strong>Possible Recession by Q3-Q4<\/strong><\/h1>\n<p style=\"text-align: justify;\">The non-profit asserted its projections that the United States economy may be in recession from the current Q3-Q4 2024.<\/p>\n<p style=\"text-align: justify;\">&#8220;Elevated prices, tighter monetary policy, harder-to-get credit, and reduced government spending are poised to dampen economic growth further,&#8221; Zabinska-La Monica said.<\/p>\n<p style=\"text-align: justify;\">Zabinska-La Monica said that several factors may affect economic development. This includes, according to the expert, \u201celevated prices, tighter monetary policy, harder-to-get credit, and reduced government spending.\u201d<\/p>\n<p style=\"text-align: justify;\">The non-profit confirmed the contraction in the Leading Economic Index is speeding up. It is dropping 4.2% over the past six months in comparison to 3.8% between June and December 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; One of the indexes created to monitor business cycles in the United States has dropped 15 times in June, indicating a potential recession. A fragile customer prospect has led to the index\u2019s drop and raised the number of individuals requiring unemployment benefits. The multiple drops were the most significant in the country since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[278,12100,11887,415],"class_list":["post-246729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-featured","tag-leading-economic-index","tag-recession","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LEI Drops in US, Raises Recession Concerns - Business News Report<\/title>\n<meta name=\"description\" content=\"BNR - One of the indexes created to monitor business cycles in the US has dropped 15 times in June, indicating a potential recession.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/lei-drops-in-us-raises-recession-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LEI Drops in US, Raises Recession Concerns - 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