These 7 recession indicators are still glaring bright red, signaling a sharp downturn could be imminent despite surging GDP and low unemployment

• The economic outlook may be brightening a bit, but a recession is still likely, says Jeff Schulze.
• Schulze, the head of strategy at ClearBridge Investments, has a list of recession indicators he watches.
• Seven of the 12 indicators are pointing to a downturn, he wrote in a recent note.

The US economy flashed another sign of strength on Thursday, with Q4 2023 real GDP growth coming in hot at 3.3%.