General Electric on Friday released second-quarter results which were in line with expectations and reaffirmed its full-year earnings target.

The industrial conglomerate, which in the first quarter shocked investors with a surprise drop in earnings and the slashing of full-year forecasts, is widely held as the bellwether for the health of the global economy. The latest set of figures may help alleviate concerns about GE’s health in the face of an economic slowdown and the ongoing credit market crisis.