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Leading Indexes Show Where Consumer is Headed


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.


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.

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