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Global economy slipping behind market forecasts
Econoday’s Relative Economic Performance Index (RPI) lost some ground last week and, at minus 10, shows recent global activity running a little cooler than expected. The dip mainly reflects a switch to modest downside surprises in the U.S. data but the Eurozone, UK and Japan are also underperforming by varying degrees. China is still matching forecasts while Canada has edged slightly ahead. In the U.S., a very mixed period for economic news was, on balance, soft enough to trim the RPI to minus 6 and the RPI-P to minus 8. However, neither reading is far enough below zero to signal any meaningful shortfall in ... (full story)
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- Posted: Nov 29, 2024 8:31pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,941
