Difference between revisions of "Economic Cycle Research Institute"
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The '''Economic Cycle Research Institute''' (ECRI) is a leading expert on business cycles. The ECRI has a history of taking a conservative approach relative to its forecasts, rather than engage in speculation. For example, in 2010 when many forecasters were declaring that the United States was about to go into a recession, the ECRI did not concur with them.[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html] | The '''Economic Cycle Research Institute''' (ECRI) is a leading expert on business cycles. The ECRI has a history of taking a conservative approach relative to its forecasts, rather than engage in speculation. For example, in 2010 when many forecasters were declaring that the United States was about to go into a recession, the ECRI did not concur with them.[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html] | ||
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== Blemish in their economic forecasting track record == | == Blemish in their economic forecasting track record == | ||
Revision as of 03:03, February 27, 2012
The Economic Cycle Research Institute (ECRI) is a leading expert on business cycles. The ECRI has a history of taking a conservative approach relative to its forecasts, rather than engage in speculation. For example, in 2010 when many forecasters were declaring that the United States was about to go into a recession, the ECRI did not concur with them.[1]
Blemish in their economic forecasting track record
The ECRI did not declare that a recession had begun until March 2008, three months after it officially began in December 2007. Years later this became the focus of an online debate during the "double-dip" scare of mid-2010. [2] [3]