Worries about the global economy percolate even as equities around the world rise, but an economist at Ned Davis Research says the worst of it may be over.
div > div.group > p:first-child"> Alejandra Grindal, senior international economist at the firm, said the aggregate of manufacturing PMIs from across the globe — widely followed economic indicators — stabilized in March after falling for 10 straight months. Meanwhile, the number of countries reporting expansion in the manufacturing sector rose for the first time in six months.
Grindal's comments follow the International Monetary Fund decreasing its 2019 growth outlook to 3.3%, which would be the lowest since the financial crisis, from 3.5%. In its report, the IMF highlighted risks such as the potential of increasing trade tensions as well as tighter monetary policy from the Federal Reserve.
"The risks appear to be alleviating, although it's not 100%," she said, noting the lowering of these two risks appears to be boosting emerging markets. Manufacturing PMIs in emerging markets like China, Brazil, India and Mexico are all showing expansion in the sector.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis | The growing signs of a rift between Trump and the Senate GOPNo, the party isn't abandoning its president. But it is standing up for itself more than before.
Read more »
Trump signs measures easing energy regulation while in TexasPresident Donald Trump signed two executive orders Wednesday related to energy infrastructure at an event in Crosby, Texas.
Read more »
Russia to free nearly 100 captive whales after outcryImages of 10 orcas and 87 beluga whales, kept in enclosures in a bay near Sea of Japan port of Nakhodka, sparked international condemnation forcing the Kremlin to intervene.
Read more »
Illinois' governor signs bill raising the age for tobacco purchasesIllinois just became the latest state to raise the legal age for purchasing cigarettes, e-cigarettes and other tobacco products from 18 to 21
Read more »
Gov. Baker Signs Into Law Ban On Conversion Therapy For MinorsMassachusetts has banned conversion therapy — a widely discredited practice designed to change LGBTQ people's sexuality or gender identity — on people under the age of 18. It joins 14 other states and D.C. in doing so. (via WBUR)
Read more »
The 2019 crypto rally shows no signs of slowing — but has anything changed?If you haven’t heard, bitcoin is back. Well sort of. The best-known cryptocurrency is on a relentless run and bottom pickers may have finally struck gold.
Read more »
25 Signs You Went To Culinary School*cuts potato into a tournée shape*
Read more »