Slowdown goes global; few metals vulnerable to test 2015 lows
World’s top two growth engines – Chinese investments and US consumption – seem to be slowing together. Other EMs are not ready to take the load; EU and Japan provide no hope. A synchronised slowdown is gradually setting itself in as corporate profit recession and rising defaults become global themes.
Two questions are keeping economists puzzled. Has the seven year old (artificially induced) growth cycle ended? To many the answer is “Yesâ€. Does this leave the global economy vulnerable to “shock adjustmentâ€? The answer varies.
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