The world's largest developed economies showed a further marked easing in the rate of decline in June amid another relaxation of restrictions designed to control the coronavirus disease 2019 (COVID-19) pandemic. Although output fell across the 'G4' developed economies, according to provisional 'flash' PMI data, the rate of contraction moderated sharply for a second successive month, rising to a level historically consistent with global GDP returning to growth on an annual basis.
Global economy shows signs of recovery from COVID-19
The IHS Markit Flash PMIs are early releases of survey data based on around 80%