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ENERQ.PK Message Board

  • houseodds houseodds May 25, 2001 2:28 PM Flag

    recession may have begun says ECRI

    "The Economic Cycle Research Institute, which tracks business cycles in the world's leading economies, said Wednesday that its prediction of the first U.S. recession in a decade was moving from forecast to fact....ECRI last made a recession call in February 1990, several months before the official onset of recession later that year....the indicators which define a recessioin are now in patterns seen only in recessions, ECRI research director Anirvan Banerji told Reuters in a telephone interview."

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