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MacroVoices #314 Lakshman Achuthan: Inflation is Neither Transitory or Secular, it’s Cyclical

Macro Voices

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Is It a Dundeal or a Guaranteed Recession?

Growth in the hard data that finds the economic cycle fell to an 11 month low by early this year. That's down from a peak of a very strong growth rate of 15 %. And that is a, you know, already, it's a cyclical slowdown. The problem is that there's no forecast of an upturn, right? and then we're piling these problems on top of something which is already slowing very, very rapidly.

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