ECRI still sees strong recovery

ECRI still sees strong recovery
The Economic Cycle Research Institute’s
leading U.S. index slipped
to 127.1 in the week ended Sept. 25
from 127.9 the week before. But the
index’s annualized growth rate
rose to a record 25.1%, suggesting a
smooth, rapid recovery in the near
term, even as several reports for
Sept. have raised doubts. “The economic
recovery is highly unlikely to
falter in the next few months,” said
Lakshman Achuthan, ECRI’s managing
director. He added that unease
over rising unemployment,
debt-laden consumers, and a dip in
growthare typicalduring recessionary
times and don’t necessarily signal
roadblocks.