THIS week's run of economic data does not look like things will be perking up any time soon for the global economy. In fact, the numbers have come in slightly worse than expected and are clearly showing that if there is any growth this year, it will be tepid.
The week kicked off with Japan's industrial production index (IPI), which measures factory output, slipping an unexpected 2% in June year-on-year after rising 6% the previous month. the survey was for output to decline by a median 0.1%.
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