Chinese, U.S. factories struggle, Europe still in slump

Reuters ^ | June 20, 2013 | By Jonathan Cable and Steven C. Johnson

[Oldeconomybuyer]

Factory output in China weakened to a nine-month low in June while U.S. manufacturing closed out its worst quarter in the last four, suggesting the road to recovery for the world economy remained an uneven one.

A day earlier, the Federal Reserve said the U.S. economy was expanding strongly enough for the central bank to begin slowing the pace of its stimulative bond purchases later this year.

Other major economies are lagging America's, however, which could limit the strength of global growth. China, the world's second largest economy, grew at its slowest pace in 13 years in 2012 and incoming data this year has been weaker than expected.

[Oldeconomybuyer]

http://www.whitehouse.gov/the-press-office/administration-kicks-recovery-summer-with-groundbreakings-and-events-across-country

[American in Israel]

I thought last summer was recovery summer. Perhaps this is much much better than new recovery summer.

[wny]

This is re-recovery summer.

[Patton@Bastogne]

“green shoots” ... baby ...

[American in Israel]

I can hardly wait for re re re recovery.

If we eat the same thing over and over again, at what point does it become $#!+ ?