CBON - New Data Shows The Slowdown In China May Be Worse Than Previously Forecast
Recent data out of China showed that industrial profits, a key indicator, dropped 1.9% year over year, marking the lowest reading since the 2015-2016 global industrial recession.
While the 2015-2016 time period, specifically in the United States, was not classified as a 'recession', there is an ample amount of data to suggest it was a questionable call at the very least. The largest factor contributing to the 'no recession' call was that there was no loss of employment which is one pillar