Christine Lagarde, the IMF managing director, captured a sense of fragmentation last month when she spoke of a “three-speed” global economy. On this week’s evidence, however, there are even more speeds than that.
Falling commodity prices and a rising dollar show the broad picture: the global outlook is weakening a little and becoming more dependent on the US. For every country putting out good news, such as Japan, there are weaker data elsewhere ”“ for example in China.
It is a global economy that lacks a strong source of demand growth.
Read it all (subscription required).
(FT) Global economy lacks strong source of demand growth
Christine Lagarde, the IMF managing director, captured a sense of fragmentation last month when she spoke of a “three-speed” global economy. On this week’s evidence, however, there are even more speeds than that.
Falling commodity prices and a rising dollar show the broad picture: the global outlook is weakening a little and becoming more dependent on the US. For every country putting out good news, such as Japan, there are weaker data elsewhere ”“ for example in China.
It is a global economy that lacks a strong source of demand growth.
Read it all (subscription required).