Part 4/6:
Current Economic Landscape
Presently, the business cycle exhibits unique characteristics. According to historical data, the economy is currently experiencing the longest duration below the critical 50 PMI line, marking an unprecedented and concerning trend. The implications of this extended contraction phase are significant, as cycles historically bounce back after contraction. This stagnation, often referred to metaphorically as the economy "holding its breath," raises concerns about future economic performance.