ECRI has established reference cycle chronologies for 21 economies based on the same methodology used to establish the official business cycle dates for the United States. In addition, growth rate cycle chronologies, delineating periods of cyclical upswings and downswings in growth, are also presented for all countries.
ECRI has had a very stellar record. They've been making pretty bold calls and going against the conventional wisdom. So far their record has been one of the most impressive, and has been written up in the press as well as talked about in policy circles.
- IMF, Jan '05
More Information >Read this jewel of a book and start your own personal cycle upturn.
Jim Grant