Growth continues to edge higher
SHORT-TERM TRENDGlobal growth rose in March, with continued improvements across a wide range of countries.
Among G10 countries, the main contributor to growth was Canada. UK data declined sharply, while Latin American growth indicators picked up. Central and Eastern Europe, the Middle East, and Asia remained stable.
LONG-TERM CYCLEThis six-year illustration captures GDP gyrations since the financial crisis.
Sept ’10–Dec ’13Global growth swings dramatically, under pressure from sovereign debt crises and darkening global growth prospects amid fitful recoveries.
Jan ’14–Oct ’16Global growth settles into a more subdued pattern of modestly disappointing results.
Source: Putnam. Data as of March 31, 2017. We base our Global GDP Nowcast on a tailored methodology that captures daily data releases for the most essential growth characteristics for each of 25 countries — including purchasing managers’ index data, industrial production, retail sales data, labor market metrics, real estate price indexes, sentiment indicators, and numerous other factors. The mix of factors used for each market may change over time as new indicators become available from data sources or if certain factors become more, or less, predictive of economic growth.