Global recession advances as China stalls

David Llewellyn-Smith

Thursday 13 October 2022

Goldman’s FCIs and CAIs are always a bit of fun.

Monetary conditions worldwide are very tight:

Especially in Europe:

But not enough in the US:

Current activity is indicating an EM stall:

As China sags after its reopening pop. Dragged down by the European recession with the US still ahead!

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.