Green Shoots This Summer?
According to the U.S. Weekly Leading Index (US WLI) released on 22 May 2009 published by Economic Cycle Research Institute (ECRI), the signs of economic improvement are almost here. Lakshman Achuthan of ECRI states:
“With WLI growth rising steadily to a 35-week high, it is increasingly obvious that the ‘green shoots’ will blossom this summer.”
The US WLI has a slight lead over business cycles.