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ECRI: ECONOMY TO SLOW BY MID-YEAR

26 February 2010 by Cullen Roche 2 Comments

The ECRI is reiterating their call for a slow-down in the economy by mid-year.  Their latest reading on the Weekly Leading Indicator showed no change from the prior week’s reading of 128.4.  More alarming, however, is the continuing decline in the growth rate of the index.  Annualized growth slowed for the 11th consecutive week to 14.9% from last week’s reading of 17%.   This is the lowest reading since last Summer.  ECRI Managing Director Lakshman Achuthan says the slow-down is all but certain now:

“The decline in WLI growth to a 28-week low reinforces our earlier expectation that economic growth would begin to ease by mid-year.”

Source: ECRI

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Comments
  • JR

    “Denial ain’t just a river in Egypt.” — Mark Twain

    “V-shaped”…”robust”…”resilient”….”strong and consistent”…”unambiguously…continued economic recovery” — Lakshman Achuthan, Managing Director, ECRI

    http://www.reuters.com/article/idUSNLLTCE63220100129

    US future econ growth seen mirroring GDP data-ECRI
    Fri Jan 29, 2010 10:57am EST
    NEW YORK, Jan 29 (Reuters): “…the U.S. business cycle recovery is set to keep going in the months ahead,” Achuthan said…”With GDP growth rebounding 12 percentage points in just three quarters, the V-shaped recovery foreseen last summer by the WLI is coming into focus.”

    http://www.reuters.com/article/idUSNYS00764820091224

    U.S. future econ growth gauge slightly lower – ECRI
    Thu Dec 24, 2009 10:30am EST
    NEW YORK, Dec 24 (Reuters):”…With WLI growth remaining robust, the economy will keep improving in the months ahead,” said Lakshman Achuthan, Managing Director at ECRI.”

    http://www.reuters.com/article/idUSNYS00763220091218

    U.S. future econ growth gauge climbs higher – ECRI
    Fri Dec 18, 2009 10:42am EST
    NEW YORK, Dec 18 (Reuters): “…With the WLI rising to a 17-month high as its growth rate reaccelerates, a resilient economic recovery is poised to persist well into the New Year,” said Lakshman Achuthan, Managing Director at ECRI.”

    http://www.reuters.com/article/idUSNYS00756920091125

    US economic growth gauge rises in latest week–ECRI
    Wed Nov 25, 2009 10:30am EST
    NEW YORK, Nov 25 (Reuters): “… ECRI’s gauge of annualized growth has fallen off record highs reached in early October, but the numbers are still “strong and consistent with a steady economic recovery,” said Lakshman Achuthan, managing director at ECRI.”

    US economic growth slows, recovery holds strong-ECRI
    Fri Nov 20, 2009 10:30am EST
    NEW YORK, Nov 20 (Reuters): “…The index “is still pointing unambiguously to a continued economic recovery,” said Achuthan.”

    02/27/2010 at 3:59 PM