You Know It's A Recovery When....

Recently, macroeconomic news from around the world has indicated a recovery, or at least a milder rate of contraction. One sign of this is that even the two European economies that have suffered the most, Latvia and Ukraine, are now presenting statistics showing rising industrial production compared to the previous month (though both are still showing big declines compared to 12 months earlier). It remains however to be seen just how sustainable that will be, just as it remains to be seen how sustainable the positive "second derivative" will be in the rest of the world economy.