Recurrent Neural Networks for Recession Forecast

Context

It is widely discussed that the US economy will face another recession in coming years. The question is when and how it will occur. We have seen a decade of economic expansion but it will not last forever. In this article I will try a basic Recurrent Neural Network (RNN) model to foresee how the US economy will grow, or possibly shrink in the near future.

Approach

You may know that we have had not many recession periods in the past few decades, the most recent one being after…