Try the new FT.com

April 15, 2012 2:08 pm

Tracking the global economic recovery

  • Share
  • Print
  • Clip
  • Gift Article
  • Comments

The global economy “remains on life support”, according to Tracking Indices for the Global Economic Recovery, the Brookings Institution-Financial Times index of the world economy.

The Tiger index, which is designed to track the recovery on a set of macroeconomic, financial and confidence variables, shows a weakening of growth momentum in the emerging markets as well as an anaemic recovery in advanced economies.

Brookings’ senior fellow and index creator Eswar Prasad said: “The world economy is showing scattered signs of vigour but remains on life support, mostly provided by accommodative central banks. Concerns about spillover from a worsening of the European debt crisis and slowing growth in key emerging markets are putting a damper on consumer and business confidence.”

Covering the Group of 20 economies, the index comprises three types of variable: indicators of real economic activity, such as gross domestic product, imports and exports; financial indicators, such as stock market indices and capitalisation; and confidence indicators, both business and consumer.

These variables combined can deliver a snapshot of the world economy and individual economies and track the economic recovery after the global downturn of 2008-09.

Explore the index with the interactive graphic below. You can read more analysis from Professor Prasad on the Economist’s Forum and listen to the index explained in our podcast.

Related Topics

Copyright The Financial Times Limited 2017. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

  • Share
  • Print
  • Clip
  • Gift Article
  • Comments
SHARE THIS QUOTE