- The global economy grows, it pauses, perhaps halts, and we all wonder if the other side of the “scare” will remain growth or turn to something worse - usually a downturn, if not full-blown recession.
- “Growth scare” for Japan, like Germany and also China, doesn’t just apply to what month after month in H2 2021 is marginal production going the wrong way. It adds this extra “scare” in the form of the prior lack of growth in volumes hidden by artificial pricing which puts the potential for rolling over from a much lower peak.
- With a little over a month until 2022, we can see how even as little as the 2020/early 2021 rebound had been, still its best days are almost certainly behind us anyway.
For further details see:
The 'Growth Scare' Keeps Growing Out Of The Macro (Money) Illusion