Macroeconomics

The financial markets have not been a source of guidance in recent weeks. The US dollar has continued to weaken, while oil prices have risen to new record highs. 

In most Western countries the industrial output slowed down significantly in August and September. Many still worry as to whether this is just a seasonal factor, or if it is in indication of a general slowdown in global manufacturing. Looking at the industrial output in emerging markets such as India, South Korea or South America, it seems that the situation is due more to a general shift, as production in all of these countries has increased sharply.

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