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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Sep 19 2013

The State of the Russian Business Cycle

Weakness in the Russian economy is forcing the government to cut fiscal spending. Yet with GDP growth still positive, there remains uncertainty whether Russia is in an economic slowdown, or a recession.

In this context, ECRI’s Russian Coincident Index (RUCI), a broader measure of the Russian economy, already provides a clearer perspective. In conjunction with the growth rate of ECRI’s Russian Leading Industrial Production Index (RULIPI), which anticipates cyclical turning points in Russian industrial growth, one gains not only insights about the current state of the Russian economy but also its near-term growth prospects.

Related News & Events

BBC Interview on Jobs

BBC September 6, 2013

ECRI's Lakshman Achuthan talks with the BBC to put today's jobs report in the context of larger trends. More