Turmoil Dampens Already Slowing Global Economy
The eurozone sovereign debt crisis has contributed to rising risk aversion in global credit markets. Even more fundamentally, the crisis has reinforced the increasingly weak outlook for European economic growth.
Europe accounts for roughly one-fifth of the global economy.
Weaker European demand will likely further damage already decelerating export growth in Asia and other regions.
China’s economy has moderated substantially in recent months amid significant monetary tightening. A slowdown in exports raises the near-term risks of a hard landing there.
Japan has been unable to fully regain its footing after its nuclear and natural disasters.
With Europe, China, and Japan accounting for 50% of non-U.S. economic activity, the world’s three largest economies outside the U.S. may be stalling.
Turmoil Dampens Already Slowing Global Economy
The eurozone sovereign debt crisis has contributed to rising risk aversion in global credit markets. Even more fundamentally, the crisis has reinforced the increasingly weak outlook for European economic growth.
Europe accounts for roughly one-fifth of the global economy.
Weaker European demand will likely further damage already decelerating export growth in Asia and other regions.
China’s economy has moderated substantially in recent months amid significant monetary tightening. A slowdown in exports raises the near-term risks of a hard landing there.
Japan has been unable to fully regain its footing after its nuclear and natural disasters.
With Europe, China, and Japan accounting for 50% of non-U.S. economic activity, the world’s three largest economies outside the U.S. may be stalling.
Europe accounts for roughly one-fifth of the global economy.
Weaker European demand will likely further damage already decelerating export growth in Asia and other regions.
China’s economy has moderated substantially in recent months amid significant monetary tightening. A slowdown in exports raises the near-term risks of a hard landing there.
Japan has been unable to fully regain its footing after its nuclear and natural disasters.
With Europe, China, and Japan accounting for 50% of non-U.S. economic activity, the world’s three largest economies outside the U.S. may be stalling.
No comments:
Post a Comment