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Some perspective: The New York-based Economic Cycle Research Institute said that the inflation-adjusted price of Saudi Arabian light crude, once the world benchmark, is around $39 a barrel, far below its record of $77. We think the slowing of growth forecast by the Economic Cycle Research Institute Weekly Leading Index might be revealing one last substantial setback by the markets early next year. economy which have occurred since the index was last revised in 1994, as well as improved methodology for putting the index together," said Anirvan Banerji, co-director of research at the Economic Cycle Research Institute. |
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