The global economic rebound expected to happen this quarter is staying out of reach for now outside of the U.S.
After policymakers around the world were quick to shrug off weakness at the start of the year as a temporary phenomenon, their economies are keeping them in suspense, with purchasing managers indexes from Japan to the euro area hinting on May 23 at a more protracted slowdown. Add risks including trade tensions due to U.S. tariffs, controversy over Iran policies and Italy’s struggles to form a government to the recipe of reasons for caution.
