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.
12/08: (ECRI’s) forecast of the recession helped us anticipate reduced merchandise sales; we proactively revised our inventory forecasts down months ago, and that has helped to greatly minimize the inventory swell and need for markdowns.
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