September 11, 2009

HOOVER WOULD HAVE BEEN RE-ELECTED IF HIS RECESSION HAD BEEN THIS BRIEF AND MILD:

OECD Data Point to 'Broad Economic Recovery' (PAUL HANNON, 9/11/09, WSJ)

There are increasingly strong indications that the world economy is on the path to recovery, with both the leading developed and the leading developing economies emerging from a downturn, according to figures released Friday by the Organization for Economic Cooperation and Development.

The Paris-based think tank's composite leading indicator of economic activity in its 30 members rose to 97.8 in July from 96.3 in June.

The OECD said the indicators "point to broad economic recovery."

Posted by Orrin Judd at September 11, 2009 7:09 AM
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