The revised reading of our CEEMEA Leading Indicator now locates into the “Slowdown” territory, in sympathy with the Global Leading indicator. The loss of momentum in the regional LI points to a softer picture in the CEEMEA growth outlook, especially if the DM growth impulse fails to materialize promptly.
(Note that CEEMEA is Central & Eastern Europe, Middle East and Africa).
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
