world recovery


World industrial production and trade lack of energy

SAO PAULO|By Marcus Nunes| World industrial output and world merchandise trade reached new record monthly highs in October, suggesting that both were solidly above their previous peaks during the early months of the global slowdown in 2008 (by 10.1% and 7.2% respectively), but the real situation is that first indicator has gotten stuck and second registers a much reduced level and growth rate. Therefore, world economy would be still mired in a depressed state.