Business secretary Peter Mandelson has pointed to
recent economic indicators as a sign that the worst of the recession may be over.
Not exact matches
Analysts said they weren't reading too much into what they described
as a «backward - looking
indicator» and were hopeful about the
economic prospects given an upturn in
recent indicators such
as confidence and machinery orders, not to mention efforts by Japan's new government to revive growth.
[That claim itself, of course, is wildly at odds with the statistical record,
as confirmed by Unifor's
recent report. We compiled historical data on 16 conventional
economic indicators going back to 1946, and found that Canada's economy performed worse under Harper's leadership than any other postwar Prime Minister — and lagged most OECD countries during Harper's tenure,
as well.
In their May 2015 paper entitled «Lumber: Worth Its Weight in Gold: Offense and Defense in Active Portfolio Management», Charles Bilello and Michael Gayed examine the
recent relative performance of lumber (a proxy for
economic activity via construction) and gold (a safe haven)
as an
indicator of future stock market and bond market performance.
Further, FE&S» Distribution Giants study also serves
as a key
indicator of the foodservice equipment and supplies industry's general
economic health and allows a look back to measure industry performance in
recent years.
The
recent indicators point to a slower pace of
economic activity and the Tory government is about to embark on Austerity Mark II, in nominal terms exactly the same level of cuts and tax increases
as the # 37 billion George Osborne announced in 2010.