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China is rebounding faster from the recession than the United States, and as it does, the imbalances that result from its artificially depressed currency could become even starker.
In another sign that household spending was rebounding faster than the corporate sector, German consumer confidence continued to rise, GfK, a market research firm, said Thursday.
Mr. Tao said the economies of Taiwan, Hong Kong and China were all rebounding faster than could have been expected after the traumatic downturn of 1997 and 1998.
"The economic backdrop in Turkey is better than in other European economies and has been rebounding faster," Emre Yildirim, an executive director at JPMorgan Chase who focuses on Turkish mergers and acquisitions.
Although public relations was not immune to the downturn in marketing communications last year, the industry has been rebounding faster than it did during its last slump in the wake of the dot-com bust, the trade publication Advertising Age reported.
Employers have been reporting healthy increases to their payrolls all year, prompting some economists to call the current rate of hiring to be unprecedented and city officials to pronounce the local economy to be rebounding faster and stronger than the nation's.
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But tourism in Hawaii is rebounding fast, with the state welcoming nearly 7.3 million visitors in 2011.
Still, compared with the national economy, the city has rebounded faster than in past recessions.
"The sector has rebounded faster than we had thought," he said.
That has since been altered to LVV, reflecting his belief that the US will rebound faster than thought.
"When things start to rebound, they could be poised to rebound faster than everyone else – just like they fell faster this time.
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