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On The Road To Recovery
Written by Karen Salvatore   
Monday, 24 January 2011 19:13

The latest economic data suggests that the U.S. economy is on the road to a sustained recovery.

The Conference Board Leading Economic Index for the U.S. increased sharply by 1.0% in December following a 1.1% increase in November and a 0.4% increase in October. Even more encouraging is the fact that private sector GDP growth which stalled from mid-2009 to mid-2010 began to re-accelerate in the 2nd half of 2010. This suggests that a self-sustained U.S. private sector recovery has taken hold.

 

 

Chart: U.S. Leading Economic Indicators