5 More Signs That The Global Economy Is Careening Toward A Recession

5 More Signs That The Global Economy Is Careening Toward A Recession

China Industrial Enterprises total profits collapsed in October to CNY427.5bn from CNY575.6bn in September – a 9.9% YoY plunge, the biggest drop on record.

In fact, China’s Industrial sector has seen annual declines in its profits for 4 of the last 6 months.

The trade war has hit the Chinese economy really hard, but it doesn’t look like a trade deal will happen any time soon.

#4 U.S. consumer confidence has now fallen for four months in a row

via theeconomiccollapseblog 5 More Signs That The Global Economy Is Careening Toward A Recession