These are extracts compiled from our monthly World Economy Report that comes standard with a RecessionALERT annual subscription:
It does not matter which way you look at it – the global economy has rebounded into growth territory from which surely could have been classified as a World Recession a few quarters ago. We can see this from the percentage of countries posting positive quarter-on-quarter GDP growths:
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When we examine World Economic Activity, compiled from Trade Volume (imports and exports) and Industrial production figures, it appears this is a “Tale of Two Cities” with the Advanced (US, Europe, Japan) economies powering ahead:
The question here is do the emerging economies pick up from a tailwind created by the growth of the Advanced economies or is this just an unhealthy divergence we are witnessing?