This chart pack is for readers who like to deep dive into the global macro universe with detailed charts across the global regions. It supplements our MacroScope leading indicators (see latest edition MacroScope - Mixed signals but still too early to turn positive , 20 March).
A range of leading indicators shows tentative signs of stabilisation in the euro area, while they still point to some downside risks in the US in the short term. However, strong real income growth and improving financial conditions in the US put a low probability on recession, in our view. In China, we see the first signs of a bottom in metal markets and PMI. In Japan, the picture is one of weakness.
To read the entire report Please click on the pdf File Below..