The global economy may have narrowly avoided a recession, with most industrial a...
LONDON - The global economy may have narrowly avoided a recession, with most industrial and financial indicators pointing to a slight improvement in September-October after a sharp slowdown in the middle of the year.
Since then, however, most equity and bond market indicators as well as industrial production surveys have shown the slowdown has eased . The curve normally inverts before a sharp slowdown and then often starts to normalize shortly before the onset of a recession as the Federal Reserve cuts short-term rates.
But the rolling three-month average improved in September and October for the first time since the start of the year, suggesting that recessionary forces were easing.
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