Leading Economic Index No Longer Predicts U.S. Recession -Conference Board For the first time since the summer of 2022, the Conference Board’s Leading Economic Index (LEI) no longer forecasts an impending U.S. recession, despite a continuous decline over the past 23 months. In January, the LEI fell 0.4% to 102.7, marking its lowest point since the brief recession in April 2020 triggered by COVID-19 and subsequent lockdowns. This change in outlook is attributed to positive contributions from six of the index’s ten components over the last six months, signaling a shift away from recession predictions. However, expectations for economic growth in the second and third quarters remain subdued, with projections close to zero, indicating a stagnating economy rather than a contracting one. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold bar scammers bilk nearly $1M from Maryland woman, police say READ MORE MAS Singapore Gold Vault READ MORE China Drives Silver to New Heights with Booming Solar Sector READ MORE Could Gold Hit $5000 in 2024? READ MORE Gold Hits Week-High as Investors Eye Fed's Next Move READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment