World Economy Update – as at July 2013

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:

…as well as the percentage of countries with positive Leading Economic Indicator 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:

…and the Emerging Bloc (Emerging Asia, Central & Eastern Europe, Latin America, Africa & Middle East)seemingly recently sinking into contraction:

Future economic growth indications hint that this condition is likely to persist for a while:

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?