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Oecd Points To Uk Recovery

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http://www.telegraph.co.uk/finance/newsbys...K-recovery.html

The index of leading shares closed up 0.5pc at 5011.47 after the OECD's latest "leading indicators", which are considered to be a bellwether for the global economic outlook, showed that the UK progressed from being in a "trough" in June to "recovery" in July.

Howard Archer, chief UK economist at IHS Global Insight, said it reinforced the "belief that the economy is set to return to growth in the third quarter".

The UK ticked up for the sixth month in a row, rising 1.3 points to 100.6 on the OECD's July index. Its performance was only beaten by France and Italy among the G7 countries. On an annual basis the UK was up by 1.2 points. "Clear signs of recovery are now visible in all major seven economies," the report said.

Germany, Japan, the US and Canada are also now in recovery mode, according to the OECD's model, while France and Italy are in the slightly better position of "possible expansion".

Among the BRIC countries, recovery was occurring in China, India and Russia, while Brazil was lagging behind in July in a "possible trough".

Separately, the Office for National Statistics said that a rise in oil prices drove a 2.2pc increase in the cost of raw materials faced by British manufacturers in August. It was significantly above the 1pc rise predicted by economists and the fastest rate of increase in more than a year. The prices manufacturers charged for their goods rose by 0.2pc.

However, Jonathan Loynes, at Capital Economics, said there is "no reason to panic" as producer inflation is low by historical standards, and the full impact of previous sharp falls in producers' costs and prices has yet to fully feed through to the high street.

It's the leading indicator recovery and a clear signs recovery.

The banking crisis is over everything has been fixed and all it took was some funny money that didn't exist until printed.

Just what has the world been playing at with every other recession when it's so easy to fix?

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http://www.telegraph.co.uk/finance/newsbys...K-recovery.html

It's the leading indicator recovery and a clear signs recovery.

The banking crisis is over everything has been fixed and all it took was some funny money that didn't exist until printed.

Just what has the world been playing at with every other recession when it's so easy to fix?

It is an electronictrikerry recovereh...you see.

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Good old fashioned Keynesian theory....well done Gordon Brown?

Beats the Adam Smith throries used in the past 30 years or so by the Tories and the Amercians!!!

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As daft as Greenspans latest BS-quote "We will have another banking crisis because we will have a global recovery and bankers will get greedy". How much was he paid for that pearl of wisdom? WTF is going on here??

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Good old fashioned Keynesian theory....well done Gordon Brown?

Beats the Adam Smith throries used in the past 30 years or so by the Tories and the Amercians!!!

Keynes advocated saving during a boom, did that happen at the Treasury? I was under the impression the idiots spent everything and then borrowed because future growth would pay for it all?

Why stop here?

We could have 15% or even 150% gdp p.a. growth for ever if we just increased the stimulus. Genius. Can't think why no-one did it before?

It's the new economic paradigm continual stimulus to create perpetual growth. It's all so easy.

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http://www.independent.co.uk/news/business...on-1786221.html

In the UK, the OECD said the leading indicators were pointing to a particularly strong recovery, with the measure showing a 1.3 per cent improvement during July, the British economy's best performance so far this year on the organisation's measure.

Gordon's done it and you ungrateful bunch of bar stewards won't vote for this economic saviour. :ph34r:

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Good old fashioned Keynesian theory....well done Gordon Brown?

:lol::lol:

Yes, clearly a magic bullet.

And now we have recovered lets stop printing money to buy our own bonds and see who else will bank-roll us.

Edited by libspero

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Good old fashioned Keynesian theory....well done Gordon Brown?

Beats the Adam Smith throries used in the past 30 years or so by the Tories and the Amercians!!!

I hope you are joking...

Keynes argued for counter cyclical government policy to smooth out the severity of booms & busts.

IE you SAVE during the expansions and SPEND during the contractions.

The Chinese are doing Keynes, they SAVED while their economy was expanding and are now spending it.

You can't run back to Keynes after you have been spending stupid amounts of money you don't have during the biggest boom in history. What happens is you go bankrupt.

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