Last week, ECRI’s Lakshman Achuthan showed how YoY industrial production growth in manufacturing is in a recession, already at a 3.5 year low. And real retail sales growth has been falling simultaneously. 

Achuthan said the US economy is likely to continue slowing in the months ahead. There’s no indication that a turning point in economic growth will be seen in 2019, as it’s likely the consumer will continue to deteriorate. 





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