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It is important to track industry specific leading indicators to help IT managers prioritize upcoming projects and anticipate funding constraints.
Business Cycle Basics
The business cycle (Figure 1) tracks the economy starting at the trough - the point at which a sustained period of negative economic growth (a recession) ends, and positive economic growth begins. The cycle typically consists of a period of moderate growth, followed by strong growth, and then a sharp slowdown into a recessionary period.