Friday, October 21, 2011

Global Industrial Production Reaches New Highs (Carpe Diem)


FRIDAY, OCTOBER 21, 2011


World Trade and Output Reach New Record Highs

Bottom Line: World trade and world output have fully recovered from the global economic contraction of 2008-2009, and are both now well above their early recession peaks. Further, they both reached all-time record highs in August and they have both been growing at healthy rates on both a monthly and annual basis in recent months. At least based on world economic conditions through August, there's nothing to suggest a pending global recession or slowdown.
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