Tuesday, April 5, 2016

Slow growth of the world economy in the first quarter

The world economy grew in the first quarter of 2016, but at a very slow pace. This is what we can read from the Markit Economics press release of April 5 on the JP Morgan Global Manufacturing & Services PMI. The "new orders" subindex (see below) points to the same direction in the short term.

Link to Markit Economics April 5 press release:
https://www.markiteconomics.com/Survey//PressRelease.mvc/dcaf0a9b1dc54693831a9e30c1562cfb

























A graph published in the March 19 edition of The Economist shows that the world economy slow growth trend has been going on for quite a while.






It will be interesting to see what the IMF will project for 2016 as a whole when it publishes its April edition of the World Economic Outlook. A downgrade of its January forecast is quite possible.

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