The economy is showing signs of nearing a sustainable recovery course for the first time since the recession began in April 1997, the Economic Planning Agency said Friday in its monthly report for March.
It is the first time in five months that the agency has upgraded its monthly assessment. In October it began reporting that the economy "continues to improve moderately."
The EPA used the same phrasing in its March report, but added, "Moves toward a sustainable recovery have gradually appeared, including a more positive note in corporate activities."