The global growth rate may have slowed recently compared to OECD expectations. The US is the surprising exception, which is hard to fathom.
US unemployment is still stubbornly high.
Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, point to a mild loss of growth momentum in most major economies for April 2011.
A notable exception is the United States which continues expanding relative to trend, albeit more moderately than in last month’s assessment
Growth also seems to have moderated in China, which may have already been confirmed by PMI data from May. Brazil and India also had modest slowing compared to expectations. Inflation may have taken hold enough in those economies that economic activity has been pressured by high prices.
[scribd id=57834932 key=key-1rsv9kpkavy3ocdi5f90 mode=list]
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.