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ECRI says "Very Serious" Synchronized Global Downturn

• https://www.themaven.net, by Mike Mish Shedlock

In a Bloomberg video interview, ECRI co-founder Lakshman Achuthan says "Very Serious" Global Synchronized Growth Downturn Seen.

Achuthan also says the economy is "not vulnerable to a recessionary shock at the moment. That can change, but right now, no recession risk."

Achuthan added the global industrial cycle is slowing down.

Flash of Red

"We don't necessarily have to go into recession as a result of that flash of red."

He concluded "Not at that window of vulnerability, yet", strongly emphasizing "yet", while adding "I am not playing this down at all. I think we have a very serious global synchronized downturn."

How "very serious"? Not "very serious" enough to cause a recession "yet".

So, no matter what happens, Achuthan is well position to brag about the outcome.

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