Ambrose at the Telegraph:
The world economy is still becalmed. World trade volume fell 0.8pc in
August. The next cycle of growth has not yet reached "escape velocity".
We continue to be in a contained global depression, punctuated by
bursts of weak growth that peter out. It is not a disaster. It is not
This from the Dutch CPB world trade monitor (PDF):
This from Capital Economics on the faltering expansion in global manufacturing:
They say the latest flash drop in global PMIs is a "warning sign". The next month will be crucial....MORE