Chart of the Week: The Global Recession May Have Bottomed Out In February
The recent decline in worldwide consumer activity seems to have reached bottom or at least slowed its decline. “Consumers worldwide appear to be in a holding pattern and we see evidence that consumer spending might be positioned to turn around,” said James Russo, vice president global consumer insights for The Nielsen Company, a worldwide data analysis and marketing agency. “There is no doubt that conditions remain tough for global consumers, with continuing widespread areas of weakness, but levels of decline seem to be moderating.” February Worse for Just One Country According to The Nielsen Economic Current scorecard of consumer behavior, only one major GDP nation (Germany) saw worsening consumer activity in February 2009 compared t...