Global Economy
The economic euphoria that powered global equity markets to new highs during the first quarter is evaporating according to a new research note from Swiss bank Credit Suisse published on Tuesday.
According to the research report, global “growth has moved from boiling to merely simmering” as temporary strength partly driven by a rebound in mining and energy activity from the severe slump in late 2014 to early 2016 evaporates.
Specifically, the report notes:
“Evidence is mounting that growth has slowed. We estimate that global industrial production momentum (3m/3m annualized growth rate) has fallen from a...
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