According to the U.S. Weekly Leading Index (US WLI) released on 12/05/08 published by Economic Cycle Research Institute (ECRI), the economy is still worsening. Lakshman Achuthan of ECRI states:
Despite the first uptick in WLI growth since mid-September, it remains in a steep cyclical downtrend, suggesting that the recession will deepen further in the coming months.
The US WLI has a slight lead over business cycles.
As a leading indicator, the WLI is demonstrating that economic conditions in the future are going to be worse than they are today.
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