Macroeconomics

The financial markets are now being shaken almost daily with both good and bad news, and this is reflected in the reports and opinions reported in the media.

Most of the numbers published indicate a further recovery of the global economy. For example, the US GNP published showed a growth of more than 5% in the fourth quarter and the purchasing managers index (PMI) rose above 88 index points, which was more than expected. A rising PMI generally indicates rising industrial production and more faith in consumer activity, or just a replenishment of inventories that had simply run too low.

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