Editor's Note: The chart and excerpt below is from today's Morning Newsletter. It was written by Hedgeye senior macro analyst Darius Dale. Click here to learn more about how you can subscribe.
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...In fact, anyone who does the work will arrive at the conclusion that global growth is slowing on both a sequential and trending basis into the most difficult compares of the year (i.e. the 2nd and 3rd quarters).
As such, the probability for global growth to get cut in half on a YoY basis in 2015 is extremely great. That would represent the slowest rate of global growth in this cycle and ~100bps shy of the trailing 3Y average of +2.2%.