ECRI Recession Watch: Weekly Update
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 132.5, up from the previous week’s 131.7. The WLI annualized growth indicator (WLIg) is at -2.4, down slightly from -2.3 the previous week. ECRI has been at the center of a prolonged controversy since publicizing its recession call on September 30, 2011. The company had…