Mostly because of a decline in the euro zone.
Is this the beginning of a downturn? No, but as I warned last month, the recovery in world economic activity will be sluggish. (The big 5 are the USA, Europe, India, Japan and the UK, and they together represent 52% of the world economy.) PMI data for the rest of the world will be released over the next week.
No comments:
Post a Comment