Double-Dip No Longer a Threat, Top Forecasting Group Says

Lackshman Achuthan, director of the Economic Cycle Research Institute, says the threat of a double-dip recession is over. Achuthan, whose group has an excellent track record of forecasting economic cycles, tells CNBC that ECRI’s leading indicators are now definitively showing that a double-dip is off the table. He says the economy is likely headed for a “soft landing”, and says the Federal Reserve is again behind the curve in recognizing that a double-dip is no longer a threat.