Matthew Boesler — Goldman Explains How Economic Weakness Has Spread Across The World In Recent Months

In a note to clients, Timcenko examines the recent underlying data that go into Goldman's proprietary "Global Leading Indicator" index, a measure used as a proxy for global growth.

"Our Global Leading Indicator now suggests that the period of accelerated growth ended in September of 2013," he writes.

"The ensuing four months of 'Slowdown' — positive but sequentially declining global growth — reduced the monthly rate of growth to a half, from around 0.40% per month to 0.20% per month."...

While Goldman and most other shops across the Street don't expect the slowdown to persist, the worry is that recent volatility in financial markets could feed back into the real economy, and the slowdown could enter a new phase.

Business Insider — Clusterstock
Goldman Explains How Economic Weakness Has Spread Across The World In Recent Months
Matthew Boesler