While the mainstream accepts that there is concerted weakness in Europe, ECRI’s latest report presents evidence of new cyclical patterns arising with regard to specific sectors of global growth. Are we on the verge of a new leg of global cyclical weakness, or is there actually some underlying strength?
The convergence of two cyclical patterns virtually dictates an era of more frequent recessions in developed economies. As a result, and because of the Bullwhip Effect, growth in developing economies is going to be jerked around more than people think, making for a good deal of cyclical economic contagion. In other words, we are now in the yo-yo years.
ECRI principals will be in Toronto to meet with professional members on April 30, 2012.
April 25, 2012
Full Report: International Cyclical Outlook
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