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July 21, 2022 | Brief
The recent trajectory of The Conference Board Leading Economic Index®(LEI) for the globe suggests that the growth outlook for 2022 is weakening, amid rising inflation, high energy prices, and monetary tightening by central banks around the world. The risk of new lockdowns in China that disrupts supply chains and rising recession risks in the US also bode poorly for the global economic outlook.
The Global LEI moved further into “slowdown” territory in April, with downside risks to the short-term outlook appearing most concentrated in mature economies and China. By contrast, some emerging economies, including India, remained more resilient than mature economies.
