Posts Tagged ‘PMI’

Cautiously Optimistic Beginning To 2012

As 2012 begins, the final verdict on 2011 growth is taking shape. BMI‘s expectation is that the US economy will sustain some of the momentum that it began to pick up late in 2011, whereas the eurozone and Chinese economies will continue to demonstrate weakness. This is borne out by purchasing managers’ index (PMI) data… [Read more]

Expecting A Recession In China?

One of the most underestimated risks facing the global economy is an outright recession in China. Almost nobody in the world of economics or finance believes that it is possible, let alone likely. However, is it really that unlikely? The CLSA purchasing managers index has already topped out in April 2010, so while China’s economy… [Read more]


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