Courtesy of JB Were’s global macro and market update for the September quarter comes this cracking graphic:
It’s information that’s freely available, just all in the one place. It measures real economic growth, CPI, unemployment and key policy interest rates for a mixture of developed and developing countries as of September this year.
There are two things that are immediately come to mind when looking at it: that outside of China and India economic growth remains elusive, particularly in the US and eurozone, the world’s largest economy and economic block respectively, and that global interest rates are next to nothing, leaving little room to stimulate economic activity from a monetary policy perspective.
No wonder markets continue to fret over the outlook for growth, particularly given the treacherous economic rebalancing currently under way in the world’s second largest economy, China.