Tagged: global economic growth


The downside risks to global economic growth have increased substantially over the past few months. The disruption to Asia’s supply chain – particularly for electrical and electronic (E&E) and automotive goods – has become more evident following the Great Japan Earthquake in mid-March. This has been exacerbated by rising energy prices towards the end of April and continued political indecisiveness in resolving the deteriorating sovereign debt situations in Europe and the United States (US). All these have hampered global manufacturing activities (as measured by various Purchasing Managers Indices or PMIs) in recent months