How economists (and TikTok) know if a recession is coming : Planet Money


Romain Costaseca/Hans Lucas/AFP via Getty Images

Red lipstick in close-up on a red background in Clermont Ferrand France on March 3 2025. (Photo by Romain Costaseca / Hans Lucas / AFP via Getty Images)

Romain Costaseca/Hans Lucas/AFP via Getty Images

Lately we’ve noticed that something we think about all the time here at Planet Money is having a viral moment: recession indicators!

From the more practical (like sales for lipstick going up and men’s underwear going down) to the absurd and nonsensical (like babysitter buns coming back into style?) — people are posting to social media every little sign they see that a recession is coming. And we LOVE it. Because between the trade war and the tariffs and the stock market, there has been a lot of economic uncertainty over the last few months and we want to talk about it, too.

Today on the show — we dig into the slightly wonkier indicators that economists look at when they’re trying to answer the question behind the viral internet trend: Is a recession coming?

This episode of Planet Money was produced by James Sneed. It was edited by Marianne McCune, fact-checked by Sarah McClure, and engineered by Cena Loffredo. Alex Goldmark is our executive producer.

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Music: SourceAudio – “The Shirt Still Fits,” “Chameleon Panther Style,” and “Nighthawk.”



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