Latest economic indicators: Some improvement appears, declines slow
July 25, 2009
This is the first of a new monthly feature compiling the latest economic indicators to provide a more holistic view
of the state of the economy.
The long climb to economic recovery may be beginning as a variety
of economic indicators posted more positive results in May and June.While not all of the indicators posted
positive results, many of those remaining negative declined at a slower rate. Though the outlook for recovery
is still uncertain, many economists view these shifts as signs that the U.S. economy is heading into recovery
phase with growth possible in 2010.
With the current recession in its nineteenth month, it is
already longer and more widespread than the recessions in 1990-1991 and 2000-2001, according to Nouriel
Roubini of the RGE Monitor, an economic analysis ...