Lagging Economic Indicator Law and Legal Definition
Lagging economic indicator is an economic indicator that tends to change only after a few months from the period of change of the economy as a whole. The significance of a lagging economic indicator is its capability to affirm that a practice is occurring or about to occur. An example of a lagging economic indicator is the unemployment rate. The employment tends to increase two or three moths after an uptrend in the general economy. It s also called as lagging indicator.
Legal Definition list
Related Legal Terms
- Acute Economic Need
- Air Speed Indicator
- Bureau of Economic Analysis
- Bureau of Economic, Energy, and Business Affairs [EEB] [Department of State]
- Centre of Predominant Economic Interest
- Community and Economic Development Entity (CEDE)
- Consequential Economic Loss
- Constitutional economics
- Council of Economic Advisers [CEA]
- Crop of Economic Significance
