Recession: How Long & How Deep?
ECRI
21-April-2008
Now that the U.S. economy is in a recession, the question on most people's minds is whether it will at least be a short and shallow one. Notably, due to prolonged pessimism about the economy, businesses have slashed inventories, potentially weakening the inventory cycle downturn that provided much of the impetus behind past recessions. Does that automatically imply that the current recession is going to be mild?
ECRI's latest study looks at the historical evidence as well as at the latest forward-looking indicators to assess the probability of a protracted downturn, with surprising insights into the likely severity of this recession.
This information is excerpted from a full report issued on April 17, 2008 to professional subscribers. For information on how to read the complete story and to subscribe to ECRI's services click this link.