"It was fun while it lasted"
CNBC/Reuters
Global Recovery Sputters After Several Strong Quarters
It was fun while it lasted.
After several strong quarters, the global economic recovery appears to be sputtering. In particular, the industrial sector, a key driver of the bounce-back from a historic worldwide recession, looks to be fraying.
Tetra Images | Getty Images
"People need to seriously consider the scenario where global industrial growth, once again, starts to throttle back - because it's not that far away," said Lakshman Achuthan, managing director of the Economic Cycle Research Institute.
A report on U.S. durables goods orders due on Wednesday should give fresh insight into manufacturing demand after an unexpected plunge in the Philadelphia Federal Reserve Bank's index of May factory activity caught investors by surprise.
Economists are looking for a 2.2 percent decline in durables orders for May, according to a Reuters poll. A closely watched measure of non-defense orders excluding aircraft, seen as a proxy for business investment, is projected to inch up just 0.2 percent...
Global Recovery Sputters After Several Strong Quarters
It was fun while it lasted.
After several strong quarters, the global economic recovery appears to be sputtering. In particular, the industrial sector, a key driver of the bounce-back from a historic worldwide recession, looks to be fraying.
Tetra Images | Getty Images
"People need to seriously consider the scenario where global industrial growth, once again, starts to throttle back - because it's not that far away," said Lakshman Achuthan, managing director of the Economic Cycle Research Institute.
A report on U.S. durables goods orders due on Wednesday should give fresh insight into manufacturing demand after an unexpected plunge in the Philadelphia Federal Reserve Bank's index of May factory activity caught investors by surprise.
Economists are looking for a 2.2 percent decline in durables orders for May, according to a Reuters poll. A closely watched measure of non-defense orders excluding aircraft, seen as a proxy for business investment, is projected to inch up just 0.2 percent...