The optimism about the U.S. economy prevalent less than two months ago has given way to a sense of foreboding.
Almost on cue, the debate is returning to the potential for more quantitative easing by major central banks as a way of shoring things up. But is this realistic?
ECRI’s latest analysis, based on our array of cyclical indexes of growth and inflation, shows just how effective such actions are likely to be in supporting near-term growth prospects.
Has personal income growth ever remained this low for three months without the economy going into recession? More
Yes, U.S. GDP is still rising, according to the latest reports. But that doesn't mean we've dodged a new recession. More
For the past three months, year-over-year real personal income growth has stayed lower than it was at the start of each of the last ten recessions. More
ECRI principals will be in Oslo to meet with professional members on June 4, 2012.
May 17, 2012
Full Report: U.S. Cyclical Outlook
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