Global Growth - A Bad Start to 2019
According to one of the worlds biggest investment banks, China, the United States of America and India collectively contributed no less than 61.7% to global growth in real terms over the last two years. Our estimates are very similar.
Given these numbers, this year has started badly from a growth perspective. The World Economics Sales Managers Indexes (SMI's) show that the growth in staffing levels in these three countries has fallen in the first quarter to a level not seen for over 5 years.
The chart above shows the weighted average of the combined SMI Staffing Levels Indexes for China, the United States of America and India. The chart below show the individual indexes for each country.
Read more on the Sales Managers Indexes