Please delete if it breaches rules
Given that we have data from the past for a time period (Just before, during and after an economic recession). Shouldn’t alot of people who work/track this information would see one coming or know we are on the brink of one or due in general just by looking at the numbers. If we know, shouldn’t we have corrective measures put in place to not let it happen ?
Is it just the scale that we can’t predict
Tldr – Why can’t economic downturn predictions/estimates get better since we have data from the past which helps understand things better ?