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What are lagging economic indicators?

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Answer:

Lagged economic indicators are economic indicators such as employment and GDP which have been lagged to include the economic indicators value from an earlier time period. Such as employment being lagged t-1, where the employment value for t-1 would be the employment value for the previous year not the current year.

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Relevant answers:

How would you define a lagging economic indicator?
The lagging indicators change direction after the overall economy has moved, while coincident indicators move in tandem with the aggregate economic activity.
What economic indicators measure economic?
coincident indicator
Hdi does not includes economic indicators?
Yes it does!
What do economic indicators measure?
It measures the unemployment rate
Why are economic indicators are useful?
they help people determine how healthy a country's economy is and so, help in the planning process to make appropriate policy to make the economy even better.