LONDON/BEIJING, July 1 (Reuters) – Asian and European
manufacturing output growth cooled further in June, with China
hitting its slowest pace in more than a year — further evidence
that the global economic recovery is moderating.
A separate report on Thursday showed big Japanese
manufacturers unexpectedly turning optimistic through mid-June,
but analysts are fretting over the outlook, particularly given
turmoil in markets since and a rise in the yen. [ID:nTOE66001C]
Light travels faster than sound. That’s why some people appear bright until you hear them speak.
LONDON (Reuters) – Optimism about a stronger recovery among the world’s richest nations is gradually rising, Reuters polls show, unfazed by a European debt crisis that started in Greece and gripped markets in a chokehold last week.
While the United States, Japan, the euro zone and Britain are still lagging growth in emerging market powerhouses like India and China, they are on a solid path to recovery, according to surveys of over 250 economists taken May 7-13.