Minneapolis
CNN
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A key barometer for the health of the economy continues to flash a recession warning sign, indicating a downturn is in store for the US in the near future. A growing number of business leaders agree the US economy is getting worse.
America is not in an official recession — not yet, anyway — but the Conference Board’s Leading Economic Index declined for the 10th consecutive month, falling in December by 1% to 110.5, according to a report released Monday by the business think tank. Economists were expecting a decline of 0.7%, according to Refinitiv.
On average, the index peaks about a year ahead of a recession, according to the Conference Board. The index appears to have peaked in February 2022, the Conference Board noted.
“There was widespread weakness among leading indicators in December, indicating…
