Escape velocity for global growth?…FT – Commodity Research Group

August 1, 2016 by Jim Colburn Leave a Comment

Gavyn Davies, FT, suggests that global growth may be picking up:

“The latest Fulcrum nowcasts for global economic activity have identified a broad pick-up in growth in many major regions, both in the advanced economies and the emerging markets. The latest estimate shows global activity expanding at an annualised rate of 4.1 per cent, a marked improvement compared to the low point of 2.2 per cent recorded in March, 2016.”

“The synchronised nature of this improvement in growth is notable. Not only have the risks of a global recession in the forthcoming months fallen sharply, there are now some early indications that the world economy could be moving into a period of above trend expansion for the first time since early 2015.”

The Fulcrum nowcasts are here: https://www.fulcrumasset.com/assets/Document/MRCAnnexAugust.pdf?1469705793

The FT story is here:

https://next.ft.com/content/e718e63b-dbc1-37a2-a799-ec038ece750e

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