By Prieur du Plessis The world is headed for an economic slowdown, according to the Economic Cycle Research Institute’s (ECRI) Long Leading Index of global industrial growth. Lakshman Achuthan, founder and managing director of the research center, said the US economy will not escape the downturn, but will ”participate in it … and in one way, shape or form, it is going to impact this recovery.” I agree with him, as the ECRI Weekly Leading Index (WLI) smoothed annualized growth rate is rolling over, while the year-on-year growth of the Conference Board’s index of leading economic…
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