FINANCIAL TIMES -- Jean-Claude Trichet signalled on Monday that the global downturn had bottomed out with some large economies already able to put the recession behind them and look forward to renewed growth.
The European Central Bank president’s comments on Monday in Basel, Switzerland, had added weight because he was speaking on behalf of the world’s leading central bankers, not just for the eurozone.
Chart above (click to enlarge) shows OECD Composite Leading Indicators for China, France, UK and US.
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