Sales Managers Surveys Reflect Gradual but Significant Global GDP Growth


 
World economic activity is starting to look a little more buoyant when seen through the lens of economic growth in the world's three largest economies (China, the USA and India) , measured in Purchasing Power Parity terms.

For most of the recent past these countries have collectively contributed close to 60% of global growth, so if their survey numbers are looking good, prospects for the world as a whole are unlikely to be too far behind.


The Sales Managers growth related Indexes are now all consistent with expectations of significantly expanded economic activity in the remainder of 2024. Of particular note, the growth related components of the Global Sales Managers Index are all now positive, and data since mid-2022 shows gradual but steady recovery from the Covid period.

These data provide significant indications that the world may avoid a much predicted global recession brought on by rising interest rates in 2024, and continue to enjoy economic growth this year.

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