Released: 30 July 2021
Global Economy out of Recession as Sales & Staffing Indexes Hit 2-Year Highs
The July Business Confidence, Sales and Market Growth Indexes all reflect a continuing climb out of recession.
The Job Index continue to climb and is now over the 50 (no change level) level and at a 26 month high.
The Price Index rose to a 21 month high in July also. Government actions to preserve business conditions during the pandemic, by turning on the taps of money creation and/or the bottlenecks in supply chains visible in many areas of activity are causing rapid price rises.
Supply chain shortages seem to provide the most logical answer at present, and the impact of monetary policy remains uncertain. However, as commerce starts to return to some semblance of normality over the next few months, it should become easier to judge whether the prolonged and gigantic episode of money creation has sparked a more profound period of dangerous price inflation.
Global Sales Growth Index
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