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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GLOBAL MARKET/OPINION
Internet search data from Google Trends provide a real-time gauge of global economic sentiment - and the latest data suggest that "recession" searches have picked up sharply worldwide.
- In many cases (notably US, UK) they have risen to levels that have previously indicated an actual concurrent recession (in 2008-09 and early 2020).
- That said, other recession-related searches (such as "unemployment") aren't rising as much. But "inflation" and "stagflation" are at/near all-time highs.
- Perhaps the recent Google "recession" search surge should be interpreted as more of an inflation-related consumer sentiment indicator than a sign of overall economic downturn.
- Also there's something of a divergence between searches spiking in North America/Europe, vs remaining relatively flat in Asia-Pac.
- See link below for full PDF of charts:
GoogleTrendsRecessionMay16-2022.pdf
Interest Over Time for Google search term "Recession"Source: Google Trends
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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