Recent data suggests some moderation in the world's two biggest economies, the US and China, and some improvement in the weak sister of the major economies, the euro area. This Great Graphic that was posted on Business Insider captures this. At the same time, it is important to recognize that cross-country comparisons are misleading. For example, China's flash PMI reading shows it the weakest of the three depicted in the graph, but China's overall growth is still faster than the US and the euro area put together. Arguably it is best to evaluate each in the context of their own recent performance. The take away from ... (full story)