OECD report: Worst may be over for tech industry

The New York Times reports that the Paris-based  Organization for Economic Cooperation and Development plans to release a report this week saying the world tech industry may have turned a corner: 

Production of semiconductors, computers, mobile phones and other electronic equipment is still considerably below pre-crisis levels but has rebounded strongly from the end of 2008 and early 2009, the organization says in a report set for publication this week.

“Even a few weeks ago, we didn’t see the bounce-back in the data,” said Sacha Wunsch-Vincent, an O.E.C.D. economist. “We were still grappling with the size of the downturn. Now, this could be the turning point.”

Posted by Brendan Lynch

Tags: New York Times, Organization for Economic Cooperation and Development, recession

This entry was posted on Monday, July 27th, 2009 at 9:48 am and is filed under Financial Services, Hardware, Manufacturing, Recovery. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.