With the disappointing initial GDP releases for Q42012 from Europe out, the "world" as defined by 41 OECD countries across the globe, has plunged into recession. We define "recession" through two alternative definitions for our comparison, either the presence of a single negative quarter-on-quarter growth or the more traditional two consecutive negative quarterly growths.
Whichever way you look at it, the number of counties in expansion plunged dramatically between 3Q2013 and 4Q2012 as shown below:
Note from dshort : For an analysis of this chart, please click this link to read the complete article on Dwaine's website.
Dwaine van Vuuren is CEO of RecessionALERT.com, a provider of investment research.