Draft:Recession indicators in popular culture

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Recession indicators, in popular culture, are correlations involving cultural trends which are supposed indicators of impending economic recession. Such indicators have been said to involve trends in pop music, fashion, and the supply of grocery stores. These correlations have been criticized as spurious or unfounded.

Background

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A recession is a contraction in the business cycle characterized by an overall decline in economic output and employment rate.[1][2] Although the exact definition is disputed, Julius Shiskin's definition of "a decline in the seasonally and calendar adjusted real gross domestic product (GDP) in at least two successive quarters" is popular among business cycle analysts.[3]

Origin

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The idea of predicting recessions to cultural trends stretches back to...

Supposed indicators

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Fashion

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Etc.

Music

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Etc.

Grocery store supplies

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Etc.

Criticism

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These ideas have been criticized for...

References

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  1. ^ Hashimzade, Nigar; Myles, Gareth; Black, John (2017-01-19). "recession". A Dictionary of Economics. Oxford University Press. doi:10.1093/acref/9780198759430.001.0001. ISBN 978-0-19-875943-0. Retrieved 2025-06-30.
  2. ^ "recession". Encyclopædia Britannica (Online ed.). Chicago: Encyclopædia Britannica, Inc. ISSN 1085-9721. Retrieved 30 June 2025.
  3. ^ Abberger, Klaus; Nierhaus, Wolfgang (2008). "How to define a recession?". CESifo Forum. 9 (4): 74–76. hdl:10419/166344 – via EconStor.

Potential sources

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See Also

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