Global Economics

Global Economics Chart Book

6 March, 2019

Early hard data bode ill for Q1

World GDP growth was little changed at 3.1% annualised in Q4 as the euro-zone posted another modest expansion, US growth slowed from a strong pace and a pick-up in Japanese GDP offset part of Q3’s decline. But hard data for January have been disappointing on the whole. Industrial production and retail sales fell sharply in the US and Japan, while a rise in sales in the euro-zone followed an equal-sized fall in December. Some survey indicators including the composite PMIs rose in February, but thei

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