Our prior post titled “World Recession Update” depicted the percentage of 41 countries tracked around the globe that were printing 1 or 2 consecutive negative quarters of GDP growth. It is easy to view the data presented and come to the alarming conclusion the world is accelerating into an ever-deepening recession and the U.S is bound to follow soon. However there are two sides to this coin and when we inspect the Leading Economic Indicators (LEI’s) of the 41 countries […]
Archive | March, 2013
World Recession Update
We have quarterly GDP data for 11 more OECD countries since our last post “World plunges into recession in Q42012“, and there have been some 2nd estimate revisions (such as the U.S). The chart below shows an improvement over the last post we made with the inclusion of more data points, but both the measures of single and two quarter recession metrics are still below their respective “Global Recession” thresholds: The table below plots the last 20 quarters (5 years) […]
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