Other indicators suggest the economy will land harder
Three of six main economic indicators for a recession in 2020-2023, compared with the recession period in 2007-2010
PERSONAL CONSUMPTION EXPENDITURES
(Billions of chained 2012 dollars)
COVID-19 recession
$14.3K
$13.2K
$11.0K
2020
2021
2022
2023
The Great Recession
$10.6K
$10.5K
2007
2008
2009
2010
MANUFACTURING/TRADE SALES
(Billions of chained 2012 dollars)
$1.5K
$1.6K
$1.3K
2020
2021
2022
2023
$1.3K
$1.2K
2007
2008
2009
2010
INDUSTRIAL PRODUCTION INDEX
(Index 2017 = 100)
103
101
85
2020
2021
2022
2023
100
89
2007
2008
2009
2010
MANUFACTURING/TRADE SALES
INDUSTRIAL PRODUCTION INDEX
PERSONAL CONSUMPTION EXPENDITURES
(Billions of chained 2012 dollars)
(Billions of chained 2012 dollars)
(Index 2017 = 100)
COVID-19 recession
$14.3K
103
$1.5K
$1.6K
101
$13.2K
85
$1.3K
$11K
2020
2021
2022
2023
2020
2021
2022
2023
2020
2021
2022
2023
The Great Recession
$1.3K
$1.2K
100
89
$10.6K
$10.5K
2007
2008
2009
2010
2007
2008
2009
2010
2007
2008
2009
2010
MANUFACTURING/TRADE SALES
PERSONAL CONSUMPTION EXPENDITURES
INDUSTRIAL PRODUCTION INDEX
(Billions of chained 2012 dollars)
(Billions of chained 2012 dollars)
(Index 2017 = 100)
COVID-19 recession
$14.3K
103
$1.5K
$1.6K
101
$13.2K
85
$1.3K
$11.0K
2020
2021
2022
2023
2020
2021
2022
2023
2020
2021
2022
2023
The Great Recession
$1.3K
$1.2K
100
89
$10.6K
$10.5K
2007
2008
2009
2010
2007
2008
2009
2010
2007
2008
2009
2010
