Timothy Geithner, “The global recession seems to be losing force”

By on June 1, 2009

That’s what Mr. Geithner said in Beijing, China today. The Shanghai Composite Index has gained 49 percent this year. The Chinese $586 billion stimulus package appears to be having an effect as the Purchasing Manager’s index logged a 53.1 reading in May. A reading above 50 indicates an expansion.

Source:

http://www.bloomberg.com/apps/news?pid=20601068&sid=aAbIvoI3sHMo&refer=home
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