Lots of evidence says yes……BUT………not by much. Service part of economy (the biggest part of the economy) showed slightly lower % this morning but still comfortably over 50 which indicates growth. No longer recession territory but slugging along.
See note from Realmoney.com at thestreet.com
Growth
At 2:21PM heard FED Chairman Bernanke say the “Pace Of Progress Is Likely To Be Frustratingly Slow.” This sentiment was reiterated by comments from Union Pacific posted at 2:18PM stating that it “Sees Slow Economic Growth In 2012.”