Source: Bloomberg

“The global economy’s sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics. Its new GDP tracker puts world growth at 2.1 percent on a quarter-on-quarter annualized basis, down from about 4 percent in the middle of last year. While there’s a chance that the economy may find a foothold and arrest the slowdown, ‘the risk is that downward momentum will be self-sustaining,’ say economists Dan Hanson and Tom Orlik….The OECD’s latest composite leading indicator – published Monday – indicates easing momentum in the U.S., the U.K., Canada, and the euro area as a whole, including Germany and Italy….’The cyclical upswing that took hold of the global economy in mid-2017 was never going to last. Even so, the extent of the slowdown since late last year has surprised many economists, including us.’ say Hanson and Orlik.”

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