based on 5 stages criteria( early expansion, middle expansion and so on)
Many thx.
2007-03-06 01:33:23 · 2 answers · asked by jonlebon 1 in Social Science ➔ Economics
The five stages of the business cycle are growth (expansion), peak, recession (contraction), trough and recovery.
If I knew EXACTLY where the US economy was right now, I would be employed by the Federal Reserve Board of Governors as the Chairman. Unfortunately, we only know for certain where we were not where we are.
As it is, the best guess looks like we are in a soft recovery. The leading indicators are showing a move into growth, but with the latest problems in the stock market, some of those indicators could move downward. This would not make us peaking though. The lagging indicators have not shown recovery yet, and what we have seen as recovery could have been a blip in the recession.
As for the UK... sorry, I am no help on that one
2007-03-06 03:46:03 · answer #1 · answered by Yo, Teach! 4 · 0⤊ 0⤋
I'd have to guess the US is in the initial stage of contraction or late stage of expansion.
The UK is in the early stages of expansion, looking to boom in the next two years.
2007-03-07 08:51:17 · answer #2 · answered by Veritatum17 6 · 0⤊ 0⤋