Recessionplot not including 2020

Dear Experts,

I am having a challenge with recessionplot. I have plotted this monthly time series data (1971M1-2021M10) and clicked 'recessionplot'.

However, the recessionplot algorithm does not shade (grey) the COVID-19 recession (2020M02-2020M04).

How do I add the COVID-19 recession to the graph?

Thank you,

Mpho

Answer 1

[Subhajyoti]

Hi @mpho bosupeng,

It is my understanding that you are plotting recessions using the ‘recessionplot’ in MATLAB R2021a, but it is not showing the COVID-19 recession (2020M02-2020M04).

This period has been added as recession to the database in the MATLAB R2022a release. The ‘recessionplot’ now plots a recession band for that period in time series. You can update your MATLAB Installation to R2022a or later releases to fix the issue.

Refer to following resource to know more about the steps tot ‘Update an Existing Installation’ of MATLAB:

https://www.mathworks.com/help/matlab/matlab_env/check-for-software-updates.html

Additionally, you can refer to the following MathWorks documentation link to learn more about ‘recessionplot’ and its release-updates in MATLAB:

https://www.mathworks.com/help/econ/recessionplot.html

I hope this helps.