-
Global slump risk falls as world money rebounds
The first green shoots have begun to emerge in money supply data from across the world, raising hopes of a tentative global recovery by later this year. ata collected by Simon Ward at Henderson Global Investors show that a key gauge of global money – six-month real M1 – has picked up at last after a drastic slowdown over the early spring. The combined growth rate for the G7 economies and E7 emerging powers levelled out at 1.6pc in May and rebounded at 2.5pc in June, though China and India are still contracting. The M1 data measure cash and overnight deposits and are a leading indicator of industrial output six ... (full story)