Examining Prospects for U.K. Economic Recovery
ECRI
May 29, 2009
(ECRI) - A few months after the U.S. economy slipped into its worst post-war recession, the U.K. economy slid into recession for the first time in nearly two decades. As in the U.S., the U.K. recession is severe and has evoked comparisons to the depression years.
In this context, one question that arises is whether the U.K. will follow the U.S. on its path to recovery. ECRI’s latest study evaluates the performance of an array of leading indicators for the U.K. to determine the future health of the economy and whether an upturn is on the horizon.
This information is excerpted from a full report issued on May 27, 2009 to Professional members. For information on how to receive ECRI's professional services click this link.
5/09: ...I have to pay attention to those people and indicators that have pointed in the right direction -- even when they've gone against the crowd (and my opinion at the time). One such outfit is the Economic Cycle Research Institute, whose various leading indicators actually have done just that—lead where things were headed .
- Randall Forsyth, Barron's
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