A global recession is closer than you think: 1. BIS warning. Fragile markets. 2. Japan’s recession worse than thought. 3. German industrial output misses forecasts. 4. China trade data miss forecasts by a mile 5. The retail apocalypse accelerates in US
Investmentwatchblog.com
December 8th, 2014
Sudden market swings, dollar rise expose emerging market vulnerability: BIS
ZURICH (Reuters) – Sudden swings in financial marketsrecently suggest they are becoming more fragile and sensitive to … events, the global organization of central banks said on Sunday, warning.
http://www.reuters.com/article/2014/12/07/us-banks-bis-markets-idUSKBN0JL0AZ20141207
Japan’s economy contracted 1.9 per cent in annual terms from July to September, according to revised data that confirmed a deeper recession than initally estimated in the world’s third-largest economy.
Data for both business and public spending were worse than anticipated. Most economists had forecast an upward revision of earlier figures showing a 1.6 per cent contraction. On a quarterly basis, the economy shrank 0.5 per cent. The earlier estimate was that it had fallen 0.4 per cent. In the April-June quarter, the economy contracted 7.3 per cent.
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