ECRI Chief: Growth “Revival” Coming Soon

Lakshman Achuthan, the managing director of the Economic Cycle Research Institute, says recent economic data puts the “nail in the coffin” of the double-dip recession fears, and says he expects a “revival” of growth in the early spring of 2011. In an interview on Bloomberg TV, Achuthan also discusses the employment outlook and the disconnect between GDP growth and job growth in the U.S. And, he says policymakers are missing the fact that the economy doesn’t need any more stimulus to recover.