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Global manufacturing starts to slow

The JPMorgan Global Manufacturing PMI has highlighted a worrying trend in the worldwide economy with manufacturing growth slowing to a level not seen for 14 months. There has been a definitive slowdown in the growth of export orders and order books around the world which would seem to indicate the worldwide economy is on the verge of negative growth. So what can we expect in the short term?

Strangely enough the Chinese economy, and manufacturing in particular, appears to be picking up a head of steam, although worryingly there are signs of a slowdown in the United States and the Eurozone. Unfortunately the Chinese economy is unable to carry the worldwide economy and unless we see some form of upturn in the United States and the Eurozone there is no doubt we are in for a particularly difficult period over the next few months.

One of the main problems is the weakness of the US market which was by all accounts back on the growth path only a few months ago. However, just lately there has been a marked slowdown in economic growth which has had a major impact upon the worldwide economy. If the US economy does not improve in the short to medium term the outlook for the worldwide economy, and other individual economies, does not look very attractive.

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