The United States: For now, the percentage of industrial sectors that are in contraction remains below recessionary levels.
Eurozone: Germany’s manufacturing slump has been an outlier.
China: The yuan’s share of the global currency market remains modest.
Global Developments: This chart shows the time lag between recession indicators and recessions. The earliest recession signals come from the yield curve, corporate earnings, and tightening credit standards.
Food for Thought: US electricity costs by source:
Edited by Paul Menestrier
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