When will the peak of the crisis?

06.12.2011 15:07
Real Estate Market Analysis | When will the peak of the crisis? Global PMI PMI in November was 49.9% against 49.6%. This is calculated by investment bank JP Morgan for 32 countries, and reflects the market conditions in the global industry.

The dynamics of the index, as reported by "Bagnetu" head of information-analytical center FOREX CLUB Ukraine Mykola Ivchenko, reflecting a reduction in world production of the second month in a row. This process could be even more dramatic if not for the growth of industrial sector in the U.S., which takes place over the past seven months.

Related article: Autumn surge in sales of real estate will not be

Together with the EU a significant reduction in industrial production in November was observed in Asia, particularly South Korea and Taiwan. In China and Japan, growth has slowed industry. New orders declined the fourth consecutive month in most countries except the United States, Canada, India, Turkey, South Africa and Russia.

Problems in the global industry affected the global labor market. Creation of new jobs in November slowed to almost zero. This trend has taken place, as in the euro area and in developing countries. Some employment growth was recorded only in the U.S. and Japan.

"Medium-term prospects of the dollar rise. Euroland is almost on the verge of recession and economic growth in the U.S. slows down. The peak deceleration of the world economy is likely to have the first or second quarter of 2012. This calls into question the sustainability of current growth in global financial markets after the government announced intentions to implement the eurozone dramatic changes in fiscal and tax policy ", - said Mykola Ivchenko.

Earlier we wrote that the financial apocalypse "will cover" to Europe in 2012.

As reported, the IMF could immediately lent concern to the EU, but equity would still not be enough, and he will have to raise funds ECB. The European Central Bank itself has repeatedly said he did not want to take a greater role in resolving the debt problems of Europe.

Content tags: Housing Market Forecast
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