Green Shoots Or False Hope?

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Green Shoots Or False Hope?

By Mark Perry on May 14, 2009 | More Posts By Mark Perry | Author's Website

FINANCIAL TIMES – Jean-Claude Trichet signalled on Monday that the global downturn had bottomed out with some large economies already able to put the recession behind them and look forward to renewed growth.

The European Central Bank president’s comments on Monday in Basel, Switzerland, had added weight because he was speaking on behalf of the world’s leading central bankers, not just for the eurozone.

Chart above (click to enlarge) shows OECD Composite Leading Indicators for China, France, UK and US.

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1 Comment :

Comment by Kiwi

2009-05-14 16:52:56

If the USA has no leading indicator, let them eat cake.

Reply to this comment

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