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Strong global recovery continuing

Posted on Thursday, April 15, 2010 at 09:59AM by Registered CommenterSimon Ward | CommentsPost a Comment

Combined industrial output in the G7 and seven large emerging economies (the "E7") – a proxy for global activity – rose by a further 0.5% in February, to stand only 4% below its February 2008 peak. Output has rebounded by 12% since February last year, following a 14% peak-to-trough decline. Leading indicators signal a further solid gain into the summer – see chart.

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