The New York Times covered a recent report from the OCED announcing that compared to the close of 2008 or the beginning of 2009, the major IT product industries including semiconductors, computers, and cellular phones, are beginning to recover from the recent recession.
"Only a few weeks ago, there was no sign of recovery in terms of data, but now it seems that the market has passed its turning point," said Sacha Wunsch-Vincent, an economist who participated in making the OECD report.
Asian countries are showing particularly strong signs of recovery after having suffered from heavy blows due to the recent economic recession. Particularly, Korea is making an outstanding advance, as its IT product manufacturing decreased no more than 5 percent, in contrast to the predicted 20 percent.
Still, the IT industry has its problems. The cellular phone market is only partly flourishing, as the mid- to low-priced cellular phones are still piling up in stock while the high-performance phones are gaining popularity. The semiconductor industry is also expected to continue in a recession at least until the end of this year. Furthermore, some analysts anticipate a double dip in the semiconductor industry as companies reduce their production and close down factories, which will later cause a supply shortage.
