Global Recovery Progressing, but Unevenly

The Washington Post reports on the American angle of a broader project from the Brookings Institution and the Financial Times to track the global economic recovery. The project, known as TIGER (Tracking Indices for Global Economic Recovery) tracks G-20 economies in three major areas: real economic activity (measured by GDP, industrial production, employment, imports and exports), financial markets (measured by stock indices, market capitalization and bond spreads for emerging markets), and confidence indicators. The data show that the global economy is recovering but that recovery is stronger in emerging countries than in developed ones and that it is stronger in financial markets than it is in core economic indicators like GDP and employment levels.
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