Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?
One of the leading indicator to recession is the inversion of the yield curve. That happened many a times this year. But is that fool proof indicator? The answer is no. It isn't. Historically, all the recessions were preceded by the yield curve inversion but vice a versa is not true. If you look at global market scenario in the last quarter, you can see that the situation is getting better.
So according to me, no we aren't headed towards recession.