Pragmatic Capitalism:
ECRI GROWTH SLOWS TO -7.7%, INFLATION AT 7 MONTH LOW
The negative data continues to mount. The ECRI’s leadinggrowth
indicator slowed to -7.7% on a year over year basis. Recession has
never failed to materialize after a -10% reading. We’re very close. At
best we’re likely staring at a substantial economic slowdown in H2.
Via Reuters
read more and see chart here.
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