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Global Economy Growing at Fastest Pace in a Year

avatar By Jeanne Goddard

07 Mar 2012 33 views
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Global Economy Growing at Fastest Pace in a Year
The world economy is gaining strength as global private sector activity hit a one-year high in February, building on the gains of previous months. Momentum is growing in both service and manufacturing industries, with strong improvement in the United States leading the way, according to a new report by JPMorgan.

The world economy is gaining strength as global private sector activity hit a one-year high in February, building on the gains of previous months.

Momentum is growing in both service and manufacturing industries, with strong improvement in the United States leading the way, according to a new report by JPMorgan.

The Global Total Output index, was 55.5 in February, up from 54.5 in January, comfortably above the 50 mark that divides growth from contraction.

(READ the Reuters story in the Guardian)

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