Sources: OECD, William Blair Equity Research
2.0
2.3
2.9
3.7
4.4
4.3
4.1
3.9
3.5
3.0
2.4
1.9
4.0
4.2
(Indices rebased to 100 April 2020)
NBER’s Coincident Variables Used to Determine Business Cycle Expansions or Contractions