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A Fistful Of Euros » A Fistful Of Euros: December’s JPMorgan Global PMI Shows Just How Far The Infection Has Spread
Spain Economy Watch: December's JPMorgan Global PMI Shows Just How Far The Infection Has Spread
Global Economy Matters: December's JPMorgan Global PMI Shows Just How Far The Infection Has Spread
December’s JPMorgan Global PMI Shows Just How Far The Infection Has Spread
A Fistful Of Euros » A Fistful Of Euros —
OK, so now here’s the chart you really need to see (below). The JPMorgan Global Manufacturing PMI hit 33.2 in December, a series record. More to the point you can get a comparison of what is happening now and the 2001 “recession lite” with only a swift glance, and, of course, the 2009 recession is only just getting started.
Now let’s stick it alongside the one Paul Krugman put up last week of the US Great Depression:
Now, arguably, what we can see here is that the current collapse in ...
December's JPMorgan Global PMI Shows Just How Far The Infection Has Spread
Spain Economy Watch —
Well, here's the chart I think everyone really needs to see (below). The JPMorgan Global Manufacturing PMI hit 33.2 in December, a series record. More to the point you can get a comparison between what is happening now and the 2001 "recession lite" with only a swift glance, and, of course, the 2009 long recession is only just getting started. Now let's stick it alongside the one Paul Krugman put up last week of the US Great Depression: Arguably, what we can see here is that the current collapse in industrial activity ...
December's JPMorgan Global PMI Shows Just How Far The Infection Has Spread
Global Economy Matters —
by Edward Hugh: Barcelona Well, here's the chart I think everyone really need to see (below). The JPMorgan Global Manufacturing PMI hit 33.2 in December, a series record. More to the point you can get a comparison between what is happening now and the 2001 "recession lite" with only a swift glance, and, of course, the 2009 long recession is only just getting started. Now let's stick it alongside the one Paul Krugman put up last week of the US Great Depression: Arguably, what we can see here is that the current ...
December's JPMorgan Global PMI Shows Just How Far The Infection Has Spread
Euro Watch —
Well, here's the chart I think everyone really need to see (below). The JPMorgan Global Manufacturing PMI hit 33.2 in December, a series record. More to the point you can get a comparison between what is happening now and the 2001 "recession lite" with only a swift glance, and, of course, the 2009 long recession is only just getting started. Now let's stick it alongside the one Paul Krugman put up last week of the US Great Depression: Arguably, what we can see here is that the current collapse in industrial activity is ...
The Second Great Depression Spreads…..
A Fistful Of Euros » A Fistful Of Euros —
The Second Great Depression seems to have now spread from Ukraine, and arrived in Hungary.
Hungarian industrial production fell the most in December since at least 1991 as a recession in western Europe cut export demand and dragged the economy into its worst decline in 15 years. Production dropped 23.3 percent from a year earlier, the seventh consecutive monthly decline, after falling 9.9 percent in November, the Budapest-based statistics office said, based on preliminary data. Output fell 14.6 percent month on month. ...
The Second Great Depression Spreads
Spain Economy Watch —
The Second Great Depression has now taken a firm hold of Eastern Europe and seems to have just spread from Ukraine, and arrived in Hungary. Hungarian industrial production fell the most in December since at least 1991 as a recession in western Europe cut export demand and dragged the economy into its worst decline in 15 years. Production dropped 23.3 percent from a year earlier, the seventh consecutive monthly decline, after falling 9.9 percent in November, the Budapest-based statistics office said, based on preliminary data. ...
Ukraine GDP Down 20% In January
A Fistful Of Euros » A Fistful Of Euros —
... Well, Paul Krugman certainly got it right on this one, the Great Depression may now reasonably be considered to have arrived in Ukraine. Ukraine’s GDP declined 20 percent in January year-on-year, according to Valeriy Lytvytsky chief advisor to the chairman of the National Bank of Ukraine. “The decline in GDP in January was about 20 percent according to my reckoning. It’s the biggest drop ever. It’s a bad start,” he said. According to Lytvytsky the construction and industry sectors have been the hardest hit by the economic crisis. ...
Ukraine GDP Down 20% Year on Year In January
Global Economy Matters —
... Well, Paul Krugman certainly got it right on this one, the Great Depression may now reasonably be considered to have arrived in Ukraine. Ukraine's GDP declined 20 percent in January year-on-year, according to Valeriy Lytvytsky chief advisor to the chairman of the National Bank of Ukraine. "The decline in GDP in January was about 20 percent according to my reckoning. It's the biggest drop ever. It's a bad start," he said. According to Lytvytsky the construction and industry sectors have been the hardest hit by the economic crisis. ...
Horrid Outlook in Ukraine
A Fistful Of Euros » A Fistful Of Euros —
Not to beat a dead horse or anything, but it seems that Krugman, via Edward, was right after all. This does indeed seem to be a great depression if there ever was one.
(from Bloomberg)
Ukraine’s economy probably shrank as much as 23 percent in the first quarter of the year as the global financial crisis took its toll on the eastern European nation, President Viktor Yushchenko said. “The economic contraction is expected between 20 percent to 23 percent in the first three months of the year,” said Yushchenko today, according to a ...
