New High For World Industrial Production
My thanks to a subscriber for this interesting item by Mark J Perry for Carpe Diem. Here is the important graphic and his conclusion
Bottom Line: Based on the ongoing improvements in global production andworld trade, especially the fact that global industrial production is now at an all-time historical high, I think we can safely say that that the world economy has made a complete recovery from the global slowdown in 2008 and 2009, and we're now in a new period of economic growth and expansion.
David Fuller's view I think that China and India have led the world into a new period of GDP growth and expansion but western countries and Japan remain serial laggards.Back to top