Google, the internet and Silicon Valley’s pacemaker said it will increase spending according to it’s CEO Eric Schmidt.

We are clearly seeing aspects of recovery, and what is notable is that we’re seeing aspects of recovery not just in the United States but in Europe. I had been in error in assuming that there would be a lag, that it would the U.S. first and Europe second. Asia, of course, was never significantly hit in the first place.

So that means from a Google perspective that…we never stopped hiring, but we told our team internally and again, we’ve said to many other people that we are increasing our hiring rate and our investment rate in anticipation of a recovery.

The key point of recovery appears to be a slow but steady recovery in European markets which many thought would take another year or two to recover to this point.

Source: All Things D

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