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Here's some good news: data suggest economy not in recession
From Marketwatch:
The Conference Board's index of leading economic indicators, which attempts to forecast turning points in the economy, rose 0.1% in April, matching March's gain after falling for the five prior months. "These data certainly reflect a weak economy, but not one in recession," said Ken Goldstein, labor economist at the private research group. The small increases in March and April "could be a signal that the economy may not weaken further."
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