The world economy is improving

According to a recent report in The Economist, the “global economy looking less fragile than it did just six months ago.” A global purchasing managers’ index compiled by J.P. Morgan has says that and if recent patterns prevail, “industrial production should soon follow. Don’t get carried away; this is no runaway rebound. Nonetheless, it’s encouraging given the uncertainties that still hang over the global economy. See, “A Gentle Wind at the Worlds’ Back.

According to the report, “three serious worries had been hanging over investors and business: a euro breakup, a hard landing in China, and America heading over its fiscal cliff. I also noted that while the odds of avoiding any one of these were good, the the odds of avoiding all three were pretty low, about one-in-three. How can the economy be Continue reading “The world economy is improving”