Global Growth Falters as China, EU and US Seen Slowing Down

October 1, 2015 Share Print 0

World economic growth lost momentum in September, with China’s factory output shrinking again, euro zone manufacturing growth slowing, and U.S. activity steady.

The latest business surveys across Asia, Europe and the Americas paint a gloomier picture and are likely to prompt more calls for central banks to loosen monetary policy even further.

“The data probably increases the case for more stimulus in certain parts of the world, especially from the People’s Bank of China and the European Central Bank,” said Philip Shaw, economist at Investec in London.

“Those economies that are at less advanced paths of the recovery cycle — the key example is the euro zone, where we’re looking at more disinflation — may well find more stimulus is in order.”

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.