Stalling world economy

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. (Kertész Róbert, MTI)