With the European economy looking bleak and deflation lurking, the world economy is in its worst shape since 2012, according to Bloomberg.
Almost two-thirds of those polled by Bloomberg said its economy was weakening while 89 percent saw disinflation or deflation as a greater threat there than inflation over the next year.
Europe isn’t the only source of concern in the global economy. More than half of respondents said conditions in the BRIC economies -- Brazil, Russia, India and China -- are getting worse, compared with 36 percent who said so in July.
China’s slowdown deepened in October, as factory output rose 7.7 percent from a year earlier, the second-weakest pace since 2009, a government report yesterday showed.
The only bright spot was the U.S. Just under two-thirds said the world’s largest economy is improving while roughly half said U.S. markets would be among those offering the best returns over the next year. China’s and India’s markets were a distant second at 22 percent each.