"The U.S. economy is tipping into a new recession," ECRI’s Lakshman Achuthan warns, and...

|By:, SA News Editor

"The U.S. economy is tipping into a new recession," ECRI’s Lakshman Achuthan warns, and "if you think this is a bad economy, you haven't seen anything yet." He cites a "wildfire" of leading indicators - plunging non-financial services, manufacturing and exports. "We at least have a couple of quarters of worsening economy in front of us."