Achuthan, ECRI Not Budging

Lakshman Achuthan, whose Economic Cycle Research Institute has a strong track record of calling economic expansions and recessions, has faced a lot of criticism for ECRI’s contention that the U.S. is in a recession that started in mid-2012. But he and the group are not wavering. “We’re not budging from our call,” Achuthan told Business […]

Achuthan Standing By Recession Call

Economic Cycle Research Institute chief Lakshman Achuthan stands by the well-respected group’s claim that a recession started last year. “Growth is not there,” Achuthan recently told Bloomberg Television, adding that he section of the population aged 35 to 54 “has lost almost a million jobs since the recovery began”. Achuthan says that while recent GDP […]

ECRI Says U.S. In Recession

Lakshman Achuthan of the Economic Cycle Research Institute says the U.S. economy is in recession. Achuthan, who had been forecasting a recession by mid-2012 for the past several months, tells Bloomberg that industrial production, manufacturing and trade sales, and personal income growth data is all indicating that a recession has begun. Achuthan says that a […]

ECRI Chief: We’re Tipping into Recession

The Economic Cycle Research Institute’s Lakshman Achuthan, whose group has a strong track record of forecasting economic cycles, continues to think we’ve been “tipping into a recession” since September. Achuthan tells CNBC that ECRI sees a “contagion among the forward-looking indicators” that the group looks at to forecast economic movements, though he declined to discuss […]