Global Economic Data Ends Longest Run Of Positive Surprises In A Decade

Global Economic Data Ends Longest Run Of Positive Surprises In A Decade
Andrew Rummer

over 2 years ago1 min

Mentioned in story

Global economic data has started coming in worse than expected once again, ending the longest stretch of positive surprises in a decade. 

As the chart shows, Citigroup’s closely followed Global Economic Surprise Index slipped below zero last week – and has kept on falling. Among the world’s major economies, data is currently most disappointing in the US and China but less bad for the eurozone and Asia Pacific.

While – as the saying goes – the stock market is not the economy, over the long-term it’s difficult for stocks to keep climbing without the global economy growing. With the MSCI All-Country World Index of stocks in 50 developed and emerging markets hitting a fresh record on Tuesday, global stocks may struggle unless economic data starts improving once more.



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