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AT&T Consumer Exec: Economy Recovering

If the exec in charge of AT&T’s Inc.’s (T) consumer business is right, the economy is recovering, albeit gradually.

“I think that we will continue to see gradual improvement, but small improvement, over a long period of time,” Ralph de la Vega told the Reuters Global Technology Summit in New York on Tuesday, as reported by Reuters.

De la Vega predicted the shape of the recovery will resemble “a gradual, slanted U,” rather than a sharp rebound.

De la Vega’s observations echo those stated by John Chambers, CEO of Cisco Systems Inc. (CSCO), Chambers said in his company’s recent earnings call the economy seems to be stabilizing.

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