Reports from France, especially, indicate that France and Germany have technically ended recession.
1Yahvah, you have been favorable to your land; you have brought back the captivity of Jacob.
2You have forgiven the iniquity of your people, you have covered all their sin.
3You have taken away all your wrath; you have withdrawn the fierceness of your anger.
4Restore us, god our savior, and cause your anger toward us to cease.
5Do not be angry with us forever; do not hold your anger against all generations.
6Restore us and revive us, that your people may rejoice in you.
7Show us your mercy, Yahvah, and grant us your salvation.
8We will hear what Yahvah our god will speak; for he will speak peace to his people and to his saints, that they may not turn again to folly.
9Surely, his salvation is near those who reverence him; let his glory live in our land.
10Mercy and truth are met together; righteousness and peace have kissed each other.
11Truth will spring out of the land; and righteousness will look down from the skies.
12Yes, Yahvah will give his goodness; and the land will yield its fruits.
13And the righteous will go before him; and he will establish his ways on the land.
Though both Germany and France were listed as having come out of recession, the numbers from France were stronger. In part because France has a smaller financial industry than other countries, its economy could recover without the need for a financial services sector recovery.
Technically, a recession is defined as 2 quarters of negative growth, so it requires 2 quarters of positive growth to show a recession over. This was only the first report, so it was mostly hype.
Since the middle of 2007 the modern replay of the Exodus Plagues has been seen most severely in a series of financial headlines. Each has impacted a different type of financial instrument, leading at the consumer level to a severe recession across the globe.
The end of that series is later in the year and this headline suggests the end is nearly in sight, with a break opening up in France and Germany as a start.
Psalm 85 is the Psalm that identifies France as the lost tribe of Simeon and a headline that calls out France is expected. In this case the financial numbers of France are showing God's favor on the country.
Verses 1 through 3 deal with how God's anger has been withdrawn. This is seen in these headlines with the financial plagues starting to come to an end. The economy is finally starting to improve. This fulfillment marks a little understood idea that God is in control of the world's economies, and can collapse them at a whim.
Verses 4 through 7 change the form of address and turn this into a prayer, asking that this time come to and end and that God would show his salvation. This headline is fleeting in the sense that it requires good numbers next quarter to finally end the recession. Prayer at this point is appropriate.
Verse 8 continues in the voice of addressing God and discusses listening to what God has to say, and admonishes not turning again to folly. Fractional reserve lending and fiat currency are the folly that causes recessions, and it is unlikely the world will permanently turn away from this folly. It is an admirable request.
Verse 9 is in a similar voice, men speaking to God. In a sense this is what happens when men announce the economic numbers. The fulfillment is in the voice of man speaking about what has happened in the economy. The nature of this headline is following this general style of voice addressed to God.
Verses 10 and 11 are structured around a set of pairings, in verse 10 it is mercy and truth, righteousness and peace. In verse 11 it is truth and righteousness. The headline originates in both France and Germany. In some sense these continental European nations are similarly paired.
Verse 12 indicates that the land will now yield its fruit. This recession is now ending, the economy will improve. The voice of this verse is unclear, either it is a prayer for this to happen, or a prophetic statement about what will happen. Time will tell.
Verse 13 close with the same unclear voice. It is either a prayer that this time is over, or a prophecy, depending on the voice. In any case God will establish his ways on the land.