A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Aug 01 2013

Sub-Saharan Africa: An Alternative Source of Growth?

The global economic growth outlook continues to be weak, with the developed economies having shifted into “the yo-yo years,” which dictate more frequent recessions due to lower growth and higher cyclical volatility.  Consequently, when seeking alternative sources of growth, many have turned to developing economies in Latin America and Asia. However, these developing economies, including the BRICS (Brazil, Russia, India, China and South Africa) are also experiencing slower growth, due to their trade linkages with developed economies.

In this context, ECRI has just completed a study on Sub-Saharan Africa to help guide those searching for growth beyond the developed and major developing economies. Along with analysis on South Africa, based on ECRI’s South African indexes, this study provides both structural and cyclical perspectives on Sub-Saharan Africa, as these countries have become more engaged in the global economy.

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Bloomberg Interview on Becoming Japan

Bloomberg July 30, 2013

ECRI's Lakshman Achuthan joined Bloomberg TV this morning to discuss our recession call, and how the U.S. economy is now resembling Japan's "lost decades." More