Global Economic Research

GLOBAL DATA WATCH

Fasten your seat belts, industry is ready to take off: 2009-06-26

The global economic downturn was particularly damaging to the manufacturing sector, which suffered a greater than 15% decline in output in the year ended in March. As documented in these pages, conditions have steadily improved since then. Indeed, the rapid rise in the J.P.Morgan global PMI survey and the rebound already under way in Asian output suggests that a synchronized recovery in global activity is now taking hold. We expect this recovery to take off with a bang. Global industry is projected to retrace roughly one-third of its recession losses by the end of the year, a development that would produce roughly 8% annualized growth during 2H09, rivaling the fastest pace of global output gains during the past two decades.

NOTES AND SPECIAL REPORTS

Newest US import: a cash for clunkers stimulus program	2009-06-26
Japan’s Tankan to confirm emergence from the abyss	2009-06-26
UK: inflation bump, recovering growth to prompt an MPC turn	2009-06-26
Assessing the global drag from higher oil prices	2009-06-19
More hiring leads to stabilization in continuing claims	2009-06-19
The Euro area won’t miss out on the global recovery	2009-06-19
Swedish recovery unlikely to be undermined by the Baltics	2009-06-19
SNB fx purchases: a small part of its balance sheet surge	2009-06-19
Australia's pool of underemployed workers is swelling	2009-06-19
Global consumers not out of the woods yet	2009-06-12
Data Watch: Summary Outlook	2009-06-26
Regional Data Calendars	2009-06-26

DATA WATCH BY COUNTRY/REGION

DAILY ECONOMIC BRIEFING

July 1, 2009	2009-07-01
June 30, 2009	2009-06-30
June 29, 2009	2009-06-29
June 25, 2009	2009-06-25
June 24, 2009	2009-06-24

Note: Global Data Watch is updated every Wednesday. Daily Economic Briefing is updated with a 1-day delay and is not published on Fridays.