Economics
U.S., Europe to Drive Global Growth in the Second Quarter
This article is for subscribers only.
The world economy pushes into the second quarter with reopening across the U.S. and Europe set to drive growth of 1.4% from the previous quarter. That’s the latest signal from Bloomberg Economics nowcasts, which bring together close to 200 data series across 18 countries to provide a high-frequency read on the recovery. Beneath the headline number for global growth, country details reveal a reversal of fortunes between advanced and emerging-market economies: The U.S. is leading the charge, and advanced economies are poised to accelerate out of their slump. In emerging markets, China is easing back to a more normal pace of growth.