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 […]

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 […]

Achuthan, ECRI See Slowdown, But No New Recession

Economic Cycle Research Institute Managing Director Lakshman Achuthan, whose group has an impressive track record of forecasting economic trends, says global industrial growth is headed for a slowdown. But he doesn’t think another recession is coming. “There’s a downturn in global industrial growth in clear sight,” Achuthan says, according to Investor’s Business Daily. “Commodity price […]

ECRI Director: Recovery Real, but Unemployment a “Structural” Problem

Lakshman Achuthan, managing director of the Economic Cycle Research Institute, says he thinks we’re in a “real recovery”, but that the high long-term unemployment rate is part of a structural problem that won’t be cured by the current recovery. Achuthan, whose group has a strong track record of forecasting business cycles, also tells Bloomberg that […]

Achuthan: Unemployment Report Not a Game-Changer

Lakshman Achuthan, managing director of the Economic Cycle Research Institute, says last week’s May jobs report was a disappointment, but isn’t a “game-changer” for the economic recovery. Achuthan, whose group has an excellent track record of forecasting economic trends, tells Bloomberg that jobs are a coincident indicator of economic activity — not a leading indicator […]

ECRI Chief: “Double-Dippers” Will Be Wrong — Again

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, […]

No “New Normal”, but More Frequent Recessions, Says Top Forecaster

Lakshman Achuthan, managing director of the Economic Cycle Research Institute, says the U.S. economy will not enter a “new normal” of slow, anemic growth, but also says we’re headed for a period of more frequent recessions and “chronically high” jobless rates. Achuthan, whose group has a strong track record of forecasting economic movements, also tells […]