A short paper on everything
Report Date: 23rd October, 2015 About this economic recovery, four things strike. First, services (“intangibles”) are ticking along nicely, but manufacturing is a disaster. Second, developed markets (DMs) are doing fine. Emerging markets (EMs) are dogs. This is because DMs are service-producing economies. EMs are mainly factory economies and/or commodity/energy producers. Third, international trade in things (“tangibles”) is shrinking for the first time since the financial crisis. Fourth, as the global stock of debt keeps rising as a proportion of GDP, its use is increasingly unproductive, especially in EMs.
To read the full report - Login or Subscribe
SUBSCRIBE