The US economy is flashing a recession warning that has only been wrong once in the last century, top economist says

• The economy is flashing a recession warning that has only been wrong once in the last 120 years.
• The ECRI's Leading Economic Index has started to decline in the past year, top economist Lakshman Achuthan said.
• GDP growth and the job market are also weakening in certain areas, which could lead to trouble for the US, he added.

The US economy is flashing a classic recession warning that has only shown a false positive once in the last century, according to top economist Lakshman Achuthan.

The business-cycle expert and cofounder of the Economic Cycle Research Institute pointed to troubling signs of weakness in the US, with warning signs of a downturn cropping up in multiple areas of the economy.