ECRI: Recession Will Persist for Time Being

According to the U.S. Weekly Leading Index (US WLI) released on 01/02/09 published by Economic Cycle Research Institute ((ECRI)), the economy remains near the low point in the cycle. Lakshman Achuthan of ECRI states:

Despite a three-week uptick, WLI growth remains close to its all-time low seen in early December, which tells us that the recession will persist for the time being.

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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Comments

[John Lounsbury:]

Thanks for keeping us updated on ECRI.

Jan 04 11:14 AM