World economy: the trend to a slow pace of growth continues

The world economy continues to grow, but at a slow pace, according to the most recent results from IHS Markit PMI surveys from around the world.

Leading economic indicators from the OECD show that it will continue to be so in the coming months.

Joseph Stiglitz' book titled «People, Power, and Profits»

My comment on Joseph Stiglitz most recent book is available at:

 https://jailuetvous.blogspot.com/2019/08/people-power-and-profits-progressive.html

United States: slow to moderate growth in the coming months...

... according to the latest monthly edition of the Conference Board leading economic indicators.

Economic Expansion Duration in the United States and Canada: an Overview

In the United States, the actual economic cycle expansion phase equalized, last June, the duration of the longest known expansion, the one that began in April 1991 and ended in March 2001, according to the information available at the National Bureau of Economic Research. The actual expansion that started in July 2009 has already lasted 120 months. July and the coming months will establish a new mark, no recession signal being perceptible when one looks at the trend shown by leading economic indicators for the United States.

In Canada, the actual economic cycle expansion phase started in June 2009. It is so far 121 months old, and it will continue to add months based on forecasts published July 10 by the Bank of Canada. But, it is far from being the longest expansion in the country. The one that went from May 1992 to October 2008 lasted 198 months, and the one from April 1961 to October 1974, 163 months, according to the information available at the C.D.Howe Institute Business Cycle Council.

Quebec Economy: Fifth Consecutive Decline of the DLI

The Desjardins Leading Index (DLI) declined for a fifth consecutive month last March, according to the analysis published May 23 by Desjardins' economists. Still, this financial institution forecasts that economic growth in Quebec will be at 1.7% this year.

World Economy: Trend to Slower Growth

PMI data from IHS Markit keep sending signals of a slowdown in the pace of growth of the world economy in the first semester of this year.

World Economy: Outlook Revised Downward for 2019

IMF economists revised downward their projections for world economic growth in 2019. World GDP is now expected to increase by 3.3% this year. The downturn is not expected to last long since a modest acceleration is expected during the second half of the year.