Gary's Blog

Sunday, January 24, 2010

Leading Indicators Index Up Again

The U.S. Conference Board announced Thursday that December's Index of Leading Economic Indicators rose 1.1%, over 50% higher than economists projected. This is the latest suggestion that growth could pick up this spring.

China declared it is over the global crisis and signaled a shift in focus to controlling inflation. Economic growth accelerated to 10.7% in the final quarter of 2009, driving the full-year expansion to 8.7%. The strong numbers keep China on a course to replace Japan sometime later this year as the world's second-largest economy after the U.S.

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