23 April 2021 ECRI s WLI Growth Rate Again Marginally Declines
ECRI s WLI Growth Index which forecasts economic growth six months forward was little changed and remains well into expansion.
Analyst Opinion of the trends of the weekly leading indices
Please note that the coronavirus is a black swan event and the decline was immediate. In theory, this index is now indicating that in the second or third quarter of 2021 the economy should be in expansion year-over-year
Here is this week s update on ECRI s Weekly Leading Index (a positive number indicates growth):
Weekly Leading Index Rises Further
ECRI s U.S. Weekly Leading Index (WLI) increased to 157.0, a record high. The growth rate slipped further to 23.9%.
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