The Weekly Leading Index Shows Economic Growth Approaching Record Low

According to the U.S. Weekly Leading Index (US WLI) released on 10/24/08 published by Economic Cycle Research Institute (ECRI), economic deterioration is continuing. Lakshman Achuthan of ECRI states:

The nose dive in WLI growth to within half a point of its all-time low underscores the speed of deterioration in the economic outlook.

The US WLI has a slight lead over business cycles.

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