"Lakshman Achuthan sat down with the Wall Street Journal’s Simon Constable to discuss the outlook for the global economy and provide more details on his recent call for a global slow-down. He says the acceleration in downward growth is gaining momentum and that this is not the same environment we entered last year when the economy rebounded after a brief slow-down. Achuthan says the economy is not set to double dip “yet”, but the slow-down in global industrial growth could lead us down the road of double dip. Importantly, Achuthan says the current slow-down is likely to last “several quarters” rather than the brief slow-down we experienced last year..."
at http://pragcap.com/ecri-no-double-dip-yet-but-slow-down-is-certain
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