Rising U.S.

Positive economic signs, mixed with negative news, are not convincing enough to declare the recession has turned a corner, U.S. economists said. A few months ago, the U.S.

NEW YORK, May 28 /PRNewswire/ -- Oil prices have dropped sharply in response to lower demand brought on by the global recession. In recent weeks, however, prices have bounced back on more encouraging economic news from the U.S. and Asia and improving inventory levels.

S&P's senior equity strategists and economists will give their outlooks for global economies and equity markets, as well as their recommendations about how to position your portfolio for the year ahead.

The global recession can be visibly measured by looking at the backlog of unsold products from US homes to Japanese electronics, an economist said.