Global economic growth near-stalled for a second straight month in September amid a sustained contraction of developed market activity and an easing in the rate of emerging market expansion, according to the latest PMI indications. Slower expansions of both manufacturing and service sector activity caused overall emerging market output to expand at the weakest pace since January. Although still relatively resilient, the latest PMI data extends the trend of slowing economic growth for emerging markets to a fourth month. This is while softening business optimism and a renewed contraction in backlogged work outline the ... (full story)