The recovery in the world’s leading economies is stalling and too reliant on the US, according to the Tracking Indices for the Global Economic Recovery, the Brookings Institution-Financial Times index of the global economy.
Brookings’ senior fellow and index creator, Eswar Prasad, said: “The world economy is now being powered mostly by the US growth engine, a situation that is untenable for a sustained and durable global economic recovery”.
The Tiger index covers the Group of 20 leading nations and comprises three types of variables: indicators of real economic activity, financial indicators, and confidence indicators.
These variables combined deliver a snapshot of the state of the global economy and track the recovery after the global downturn of 2008-09.
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