Rising inflation
Inflation is supposed to be a good sign, as it signifies that demand is higher thanks to wage growth and a strong workforce. Even so, too much inflation will automatically discourage people from spending, and it might result in a lowered demand for products and services.
Declining property sales
In a perfect economic situation, consumer spending is technically higher, including the sale of homes. However, when there’s an imminent economic depression, the sale of homes is down, which means that there’s less confidence in the economy.
Increasing credit debt defaults
When credit card usage is higher, it’s one of the best signs that people are spending money, which is supposed to be good for the GDP. But at the same time, when debt defaults are rising, it could mean that people are losing their power to buy, which signals an economic depression.
