Achuthan, ECRI: U.S. Is In Recession

Lakshman Achuthan of the Economic Cycle Research Institute says the U.S. is in a recession. Achuthan tells Bloomberg that jobs data is one key indicator signaling that recession is here. He also says he thinks GDP growth will be revised downward significantly for the first half of this year. Julian Callow, chief international economist at Barclays Capital, offers a counterpoint.