The recession may be ending, Tim Duy says. The UO economist adds a warning, though: It will be an anemic recovery.
The UO Index of Economic Indicators fell 0.1 percentage points in May, to 85. (The index uses 1997 as the base year of 100; the higher the number, the better the economic outlook for the coming months.)
“If the index is behaving as it did in 2001, the end of the recession is in sight,” said Duy, the author of the index.
The economic data he’s seeing now indicates economic growth most likely could firm up in the second half of this year, Duy said.
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