Another market correction reinforces our caution

Global economic update  |  July 25

Highlights of the past week, from central bank policies to trade and currency trends.

Growth

U.K.: The Flash UK PMI Composite Output Index dropped to 47.7 in July from 52.4 in June, reaching an 87-month low.

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Putnam sees both near- and longer-term investment opportunity in EM countries that it believes may benefit from a combination of policy reform, policy independence, and insulation from falling commodity prices.

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