The "flash" (provisional) PMIs for the big 5 economies (US, UK, Euro Area, India and Japan; there is no "flash" PMI for China) rose a little in March. Together, they make up just over half of world GDP. Each component has been extreme-adjusted to remove outliers. Europe is recovering (see lower chart), Japan is weakening, and the US is mixed (we don't know yet just how much Trump's trade wars will reduce US economic activity). So, on the evidence so far, the world economy is continuing to improve, slowly.
Canada and Mexico are both falling into recession. How much their slowdown will impact the USA remains to be seen. And Europe's embrace of deficit spending and defence spending using European (not US!) suppliers, Europe's growth will surprise on the up-side.
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