Global growth shows signs of improvement
SHORT-TERM TRENDEconomic expansion picks up, but risks remain
Growth bounced back in March due to improvements in the eurozone and China. In the eurozone, manufacturing and industrial production gained. In the United States, disappointing housing market data, consumer spending, and consumer confidence outweighed job growth and retail sales. Latin America's growth held steady. In China, rising industrial output contributed to growth.
LONG-TERM CYCLEThis six-year illustration captures GDP gyrations since the financial crisis.
Jan '14–Oct '16Global growth settles into a more subdued pattern of modestly disappointing results.
Nov '16–Dec '17More synchronous performance across global markets emerges to lift the trajectory of global growth.
Source: Putnam. Data as of March 31, 2019. 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.