ECONOMICS COMMENTARY
Sep 10, 2013
Developed world sees growth rebound while emerging markets struggle
The pace of global economic growth picked up in August to the fastest since early-2011, according to PMI data. The Global PMI rose from 54.0 in July to 55.2 in August; roughly consistent with annual growth of global GDP picking up to 3% at the start of the third quarter compared to 1.6% in the second quarter.
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