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The data aren’t getting any worse at the global level

Given Q3 national accounts data from early-reporting countries and monthly data from other economies, it looks like world GDP growth actually picked up a touch last quarter to just over 3% annualised. And there have been some encouraging signs about the health of the world economy at the start of Q4. The OECD’s global leading indicator has improved in recent months and survey measures of export orders seem to have bottomed out. What’s more, according to Markit’s sector PMIs, the woes of the autos sector may be coming to an end. And while Markit’s composite PMI surveys still make for...

Read the publication The data aren’t getting any worse at the global level on the Capital Economics Website.