Asia's exports may be peaking, then, even as inflation is gathering strength.
Long before it tells you anything, they believe, other indicators will have shown that inflation is gathering pace.
The signs of new salesmanship from Mr. Mukherjee are a notable departure from his demeanor, and that of other Indian officials, for much of 2011, even as their economy was slowing and inflation was gathering steam.
With unemployment at 4percentt, inflation benign and incomes broadly rising, Democrats gathering for their Los Angeles convention this month will no doubt be eager to show that on those counts, Mr. Gore's election would mean more of the same.
And the housing market recovery is gathering momentum.But since mid-October, there has been an unmistakable reversal in the inflation-expectations trend.
China's inflation rate rose to 2.9percentt in the first two months of the year, gathering pace for the first time since July as prices of food and fuel rose, the National Bureau of Statistics said.
Though European inflation remains extremely low, at an annual rate of 2.4percentt a year, it has been gathering strength and is now above the central bank's limit of 2percentt.
Though inflation in France is slower than in most other European countries, it seems to be gathering speed.
But he added that a squeeze on real incomes as wage growth lagged behind inflation, together with the fiscal squeeze and a stagnant eurozone, were likely to prevent recovery gathering much more pace.
