Global Economic Conditions – An Update
Global Manufacturing
Survey data suggests that the recent slowdown in the global economy was
more likely a result of key regions hitting a soft patch, and, not an indication of a worldwide recession.
An interesting note from Neil Irwin of Washington Post:
“… This is a
run-of-the-mill recession in Europe, not an all-out economic collapse. The
weakness in China and other emerging Asian economies is more a soft patch than
an end to two decades of rip-roaring growth. If those trends hold up, then
exports to the rest of the world can be a strength for the United States in
2013, rather than a drag.”