I've just googled the Spanish phrase now and I've been given 1,560,000 results, so the figure just speaks by itself.
I was chatting via twitter with Juanma Roca (please click on http://www.elreinodelahumildad.com/ if you want to know more about him and his latest book) and asked him if he knew the original English phrase, as I had already tried the literal translation from Spanish and it didn't match. I did my own research on the Internet and, bingo!!!
The English phrase is green shoots and it was Ben Bernake who used this term some time at the beginning of April. I got this info via Paul Krugman as he has a post in his blog dated, April, 16th commenting on B. Bernake's words at the time. Click on: http://www.nytimes.com/2009/04/17/opinion/17krugman.html?_r=1 if you are interested in reading more about it. You can also further your interest by clicking on:
http://www.slate.com/id/2215911/
Furthermore, you will be able to listen to the direct source here:
http://www.npr.org/blogs/money/2009/03/bernanke_sees_green_shoots.html
Since I wondered if it was really B Bernake who firstly coined the phrase "green shoots", I went on with my net research and AskOxford.com supplies the precise information on http://www.askoxford.com/quotations/393?view=uk
business
The green shoots of economic spring are appearing once again. Norman Lamont 1942- : speech at Conservative Party Conference, 9 October 1991; often quoted 'the green shoots of recovery'
So it was politician Norman Lamont who coined the phrase in 1942:
Asked at his first appearance as chancellor at the Treasury Select Committee whether he agreed with his predecessor's view on the depth and duration of the recession and not wishing to contradict Major, Lamont replied that "there are reasons why one could believe that it will be relatively short-lived and relatively shallow."[11] In October 1991, based on CBI and Institute of Directors business surveys, said "what we are seeing is the return of that vital ingredient - confidence. The green shoots of economic spring are appearing once again."[12] Early in 1992 one of the Sunday newspapers ran a "Green Shoots Index" of signs of recovery, only to have to drop it when few such signs could be found. However Gavyn Davies, then chief economist at Goldman Sachs, wrote in a newspaper article at the time of Lamont's removal from the Treasury that the "green shoots" speech had turned out to be "remarkably prescient. From that moment onwards, output stopped declining, and within a few months, it started to rise.[13] Estimates of Gross Domestic Product show the trough of the recession occurring in the fourth quarter of 1991, with sustained growth resuming in the third quarter of 1992, when GDP grew 0.4% compared to the second quarter.[14]
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