The reports on the economy have been mildly encouraging at year’s end and now everyone’s attention is turned to 2010—the year that is supposed to provide the anticipated recovery. The December Credit Managers' Index (CMI) matched the mood of the economy as a whole--essentially flat, but showing some mild progress. The most important aspect of the report is that the index remained above the 50 mark that separates growth from contraction and even showed a slight gain as it moved from 52.3 to 52.9.Click to continue
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