Tuesday, May 12, 2009
Are we approaching the bottom?
The Paris based OECD indicate that there is a slowing in the pace of the economic slowdown in the economies of the UK, France, Italy and China. The OECD's leading indicators are a basket of economic data that in the past have had a good record of showing economic turning points. Interestingly enough the US is showing no such trough, which is surprising as economists and myself always saw the US rising out of recession first.