- Global PMI is in contraction, which means that manufacturing is in decline. If the economy was booming, people would have been consuming more and manufacturing would have been on the rise.
- All of this data is statistical i.e. they ask people if they’re participating in the economy. There can always be fake statistical records or fake reporting of statistics.
- Revenue losses all over the world are suggesting that growth is slowing down and is on track for recession.
- Even if his statistics are accurate, this is the worst jobs growth in years.
- Logistics companies are also reporting a growth slowdown.
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