The following graph is an overview of all the OECD countries. This isn't what I would call a "recovery". It is a bounce back from the depths. But these "leading indicator" levels are still below what they were 6 to 8 years ago. The "recovery" has a long way to go to recover all the ground lost since 2007:
It is a joke to talk about "recovery" in the United States. The US has "recovered" only in the sense that the collapse has ended and there has been a crawl back to the levels last seen in the depths of the 2001-2003 recession:
Canada is not really "recovered". It is back to where it was at the end of the 2001-2003 recession. The word "recovery" is applicable here only in the sense that the catastrophic drop in "leading indicators" has ended and there has been a bounce back, but it has a long way to go:
China appears to be recovering and is back to where it was in 2005-2006:
France does in fact look like a real recovery to me. In this country the leading indicators are now back to where they were in 2007 and headed higher:
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