Water off a duck's back - World Economy Barometer


Water off a duck's back - World Economy Barometer

In stark contrast to 2012, the global economy moves into the final quarter of the year with a bit of wind in its sails.

Economic Analysis

18 November 2013

  • The world economy didn’t let the US debt ceiling debacle get it down. The global composite PMI rose from 53.6 to 55.5 and in stark contrast to 2012, the global economy moves into the final quarter of the year with a bit of wind in its sails
  • Spain and Italy’s export orders continue to rise at a healthy pace. But there is little by way of a wider build-up of momentum in these economies
  • It would be great news for the world economy if Japan was to continue its recent fun of form. But to keep the good news flowing, something more than monetary and fiscal stimulus is required
  • China is already up against the limits of its investment led growth. The economy will be in for a bumpy ride as the reform process gets under way and growth becomes less dependent on debt

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