ECRI's Lakshman Achuthan recently spoke with Yahoo Finance about the outlook for global industrial growth, our high-frequency leading indexes and the consumer in the context of the fiscal cliff.

Summary:

Most people are laser-focused on current consumer behavior, overlooking the steadily improving industrial growth outlook. That positive outlook for industrial growth is a key reason why overall economic growth prospects haven’t faltered.

Gold is not all that glitters. ECRI's current view here: https://t.co/WCNbBdLvit pic.twitter.com/vPGKjR2Duh

— Lakshman Achuthan (@businesscycle) August 13, 2020

But if additional stimulus doesn’t come through, the sudden disappearance of a critical source of consumer’s spending power will make a fresh economic slowdown a significant risk.