Global Recession Comes Nearer as August Job Growth Turns Negative in China, the USA and India Collectively
Sales Managers, who necessarily scent recession earlier than other executives, are pulling back sharply on recruitment in the worlds three biggest economies.
China, the USA and India collectively represent over 40% of global GDP measured in purchasing power parity terms, and contribute an even bigger proportion of global growth.
So this news, backed by falling growth levels in other Sales Managers Indexes, is likely to presage falls in economic activity growth levels worldwide.
Read more on the Sales Managers Indexes