Thursday, May 24, 2012

New Signs of Global Slowdown

Weak Reports in U.S., Europe and China suggest economies are slipping in sync.


WSJ.com

New signs of a global slowdown are darkening the economic outlook.
On Thursday, the U.S. reported that businesses were slowing their orders of computers, aircraft, machinery and other long-lasting goods. Measures of business sentiment in Europe slipped, and reports from purchasing managers at manufacturers around the globe turned down. Among them, China, the world's second-largest economy, registered its seventh straight drop in an important manufacturing index.
With the latest reports, a new economic threat is emerging: That activity is slowing in sync around the globe and not just in a few markets with their own isolated problems. Europe, struggling with ...

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