1 | Growth | U.S. Economy is growing at or above its potential growth rate |
2 | Recession | U.S Economy is shrinking (negative quarter over quarter growth rate) |
3 | Stagnation | U.S Economy is growing at lower than its potential rate |
4 | Inflation | Consumer Price Index (CPI) inflation rate is higher than U.S. economy’s potential growth rate |
5 | Chaos | A high impact, low probability event (“Black Swans”) |