January 8, 2010

SPENDING, NOT THE ECONOMY:

OECD Data Show 'Stronger Signals' of Recovery (PAUL HANNON, 1/08/10, WSJ)

There are increasingly strong signals that the world economy is in recovery, with leading developed economies clearly set to expand, the Organization for Economic Cooperation and Development said Friday.

The Paris-based think tank's composite leading indicator of economic activity in its 30 members rose to 102.3 in November from 101.4 in October.

The leading indicators for each of the Group of Seven largest developed economies, meanwhile, moved above their long-term averages, "implying an expansionary outlook," the OECD said.

Most major economies emerged from recession in the second and third quarters of 2009, and the OECD's leading indicators suggest the recovery will continue.

Posted by Orrin Judd at January 8, 2010 7:00 AM
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