The Economic Cycle Research Institute (ECRI) has a great track record of calling the beginnings and ends of recessions and expansions. And now, its leading indicators are signaling that, while growth is likely to slow, a new recession is not on the horizon. “The ‘double-dippers’ will still be denied,” Lakshman Achuthan, the group’s managing director, says on Yahoo! TechTicker. Achuthan says that all recoveries at some point “throttle back” — i.e., decelerate — however, and that this recovery will be no different; GDP numbers show that that may already be happening, he says. But he expects to see sustained job growth through the end of the year, and says that — contrary to popular belief, the consumer isn’t dead.
- Related Articles