WLI at 28-Year Low

According to the U.S. Weekly Leading Index [US WLI] released on 09/26/08 and published by Economic Cycle Research Institute [ECRI], economic growth continues to remain solidly in recession territory. Lakshman Achuthan of ECRI states:

"With WLI growth falling to a fresh 28-year low, it is clear that the recession will not end any time soon, regardless of actions taken by Washington."

The US WLI has a slight lead over business cycles.

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