As you can see in the chart below, after a pause where their weighted PMI stopped falling, in June there was a bigger decline—not yet to the "recession mark of 50%", but heading that way. IP (industrial production) is likely to follow suit.
Thursday, July 11, 2019
BRIC countries slow in June
The BRIC countries (Brazil, Russia, India and China) have on average for 20 years grown more strongly than the OECD countries. At 21% of world GDP, combined, they contribute about the same to world GDP as the USA or Europe.
As you can see in the chart below, after a pause where their weighted PMI stopped falling, in June there was a bigger decline—not yet to the "recession mark of 50%", but heading that way. IP (industrial production) is likely to follow suit.
As you can see in the chart below, after a pause where their weighted PMI stopped falling, in June there was a bigger decline—not yet to the "recession mark of 50%", but heading that way. IP (industrial production) is likely to follow suit.
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