A global cyclical industrial slowdown

We are currently seeing several clear signs of a global cyclical industrial slowdown, in OECD countries as in emerging countries and China. This is probably explained by the saturation of needs for corporate investment and for purchases of durable goods (cars) after a sharp increase in demand for this type of goods. The global cyclical industrial slowdown will obviously primarily affect countries whose growth model is linked to exports of industrial products and which have a significant weight of industry in their econom ies (Germany, Sweden, South Korea, China, other Asian emerging countries, Central European countries).