INSTANT INSIGHT | Europe, China & #GrowthSlowing

Takeaway: The latest data out of Europe and China confirms our 18-month old #GrowthSlowing theme.

INSTANT INSIGHT | Europe, China & #GrowthSlowing - growth cartoon 10.08.2014

Got global growth slowing?  

 

Our Macro team analyzed the latest batch of global #GrowthSlowing data in a note sent to subscribers this morning.

 

Here is the key takeaway on Europe:

 

"... Today, the German economic ministry cut Germany’s 2016 growth forecast to 1.7% from 1.8% previously forecast. It also cut the 2016 export growth outlook to 3.2% vs prior 4.2% and lowered its outlook for import growth to 4.8% vs 5.3%. #EuropeSlowing."

 

INSTANT INSIGHT | Europe, China & #GrowthSlowing - Growthslowing europe us 10.22.14

 

... Then there's China:

 

"... Chinese industrial profits declined -4.9% Y/Y in December which is a sharp deceleration from -1.4% Y/Y in December. Whispers of fresh stimulus might be the only fading hope to delaying the flush of global overcapacity hanging on the “Chinese Demand” story."   

 

INSTANT INSIGHT | Europe, China & #GrowthSlowing - china year of the snal

 

Global #GrowthSlowing has been our Macro call for 18 months now. The latest batch of data confirms our thesis. We're sticking with it.

 


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