Surging US economy leads global recovery

[charrison]

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The US economy strengthened considerably in December, leading the global economic recovery and leaving Europe and Japan behind, the Organisation of Economic

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Cooperation and Development (OECD) said today.
The upbeat assessment of the US economy from the OECD came just hours ahead of a meeting of finance ministers from the G7 group of leading industrialised countries, with the weakness of the dollar the prime subject of concern.

"Moderate to strong recovery lies ahead in the OECD area," the organisation said in a statement. "December data signal continued strong improvement in the United States but weaker development for Italy."

For the 30-nation membership of the OECD, the December leading indicator - a pointer of future economic activity - rose to 123.6 from 122.8 in November. The reading for the US was 133.3 (up from 131.7), the 12-nation euro currency zone struggled up to 123.8 (from 123.5), and Japan managed a weak increase of 0.2 to 102.3. Of the G7 economies, only Italy showed weaker development, its index slipping to 106.3 in December from 107.8 in November.

 

[dmcowen674]

Originally posted by: charrison
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The US economy strengthened considerably in December, leading the global economic recovery and leaving Europe and Japan behind, the Organisation of Economic

Yep, we got all 2.3 Million people working again and at the highest wages they've ever had too by now a whole 2 cents more. $15.49 per hour from previous high of $15.47 set just 2 months ago.