Forecasting a recession with construction data — Philip Pilkington

Summary:
Forecasting recession for the end of year unless construction data reverses. Single variable thinking based on one key factor only, or is he onto something?MacrocosmForecasting a recession with construction dataPhilip PilkingtonSee alsoAmid labor-supply constraints and economic shocks, the case for productivity-boosting interventions is clear. Unless US policymakers use a combination of investment and incentives to reverse negative productivity trends, the US will achieve modest growth, at best.…Project SyndicateAmerica’s Widening Productivity GapMichael Spence

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