Here Are 15 Numbers That Show How The Global Economy Is Performing, And All Of Them Are Bad
by Michael Snyder
TheEconomicCollapseBlog.com
May 16, 2019
Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse. In so many ways, what we are witnessing in 2019 is quite reminiscent of what we witnessed as the last recession was beginning. Global exports are absolutely plummeting, auto sales are way down all over the globe, debt delinquencies are way up, and retailers are closing stores at a record pace. Even if the U.S. and China were getting along, things would be rough for the global economy in the months ahead, but a full-blown trade war between the two largest economies on the entire planet has the potential to be absolutely disastrous. We are truly in uncharted waters, and many believe that events are going to start accelerating very rapidly now.
Even though I write about this stuff on a daily basis, I have been surprised by how poor the global economic numbers have been lately.
And remember, earlier this month the global media were convinced that the U.S. and China were about to finalize a trade deal. Now that negotiations have completely broken down, we should expect that these numbers will soon get even worse.
The following are 15 numbers that show how the global economy is currently performing…
#1 Global exports are absolutely crashing and have now fallen to the lowest level since 2009.
#2 U.S. auto dealers are dealing with a backlog of 4.2 million unsold vehicles.
#3 Auto sales in Europe have fallen for seven months in a row.
The Rest…HERE
