Content adapted from this Zerohedge.com article :Source
The global economy is weakening according to Goldman Sachs. Seven of the ten indicators in the Goldman Sachs' Global Leading Indicator (GLI) weakened in February. It went from 3.56% to 3.46%.
MoM growth also showed a decrease to a level not seen since March 2016. This went from .249% to .234%.
The only component that showed a meaningful improvement was US initial claims, which fell to a 49-year low today.
The largest declines came in the Japan IP inventory/sales ratio and the aggregate of the Australian and Canadian Dollar trade-weighted indices, both of which softened by roughly one standard deviation.
The global new orders less inventories component and Korean exports also worsened, with relatively minor moves in rest of the components.
China appears to be leading the way, causing the major economies of the world to start pulling back.
Non-adapted content found at zerohedge.com: Source
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