World Economy Barometer - Cruise control
The global economy appears to have found the cruise control button. The global composite PMI readings in Q1 were all close to the long-run average.
22 April 2014
The Fed's decision to end QE is a step back towards normality.
The global economy completed Q1 with another solid showing in March. The global composite PMI, covering both manufacturing and services, rose marginally from 53.1 to 53.5 last month and spent the first quarter close to the long-term average.
The eurozone’s modest recovery continues with the region’s four largest economies – Germany, France, Italy and Spain – all posting composite readings above 50.
But a lot more is needed to put a dent in the region’s considerable economic problems and the situation in Russia and Ukraine is prompting some investor concern.
In this edition of the Barometer we explore some of the trade, financial and energy linkages and find that the global economic recovery is unlikely to be derailed.
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