The Economic Cycle Research Institute is standing by its call for the U.S. to enter recession in the middle of this year. ECRI COO Lakshman Achuthan tells Bloomberg that recent data is confirming what the group has been saying for some time: that recession is coming. A decline in the rate of job growth supports that belief, he says, adding that personal income growth is a “real weak spot”. He does add, however, that he thinks the recession should be relatively mild, though he sees the potential for more frequent recessions going forward.
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