Skip navigation
Electrical Market Data
Global trade, cargo ship thitivong/iStock/Getty Images Plus

IHS Markit Sees Global Slowdown Through 2023 & Decline in U.S. Growth to Under 2%

While U.S. protectionist policies have worsened the outlook in many parts of the world, the industrial recession in China is, arguably, a bigger drag.

Two interrelated and troubling developments are coloring the global economic picture. First, trade growth is slowing sharply. The IHS Markit Purchasing Managers’ Index (PMI) for new exports has been falling for six months in a row — the largest drop since 2016. Second, the global manufacturing PMI highlights the stagnation in the industrial sectors.

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.

Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.