Notwithstanding recent volatility in commodity markets, sentiment surveys remain strongly positive in many parts of the world, but definite
signs of an acceleration in activity have been scarcer, probably due to the structural impediments that have characterized the years since the global financial crisis.
While sentiment surveys remain strongly positive in many parts of the world,
definite signs of an acceleration in activity have been scarcer, probably due to the structural impediments that have characterized the years since the global financial crisis.
That said, there is currently
little sign of any acceleration in activity or inflation, and any potential stimulus from the Trump administration still seems some way off, so the trend growth rate of around 2 % looks set to continue in the near term.
However, the transmission lacks proper response when the back of the gas pedal meets the floor: the only repercussions here are clattering sounds, vibrations but
no sign of acceleration, kind of like Toyota's CVTs.
What the graph does show is
signs of acceleration 1993 - 2007 but then there are a couple of large negative steps 2007 - 10 turning the graph into something a denialist could easily claim showed deceleration.
The report, in careful documented, scientific language identifies the way the warmist's computer models over-estimated the amount of warming, ignored the fact that increased carbon dioxide benefits plant growth, that there is less melting in the Arctic, Antarctic and on mountain tops than claimed, and that there is
no sign of acceleration of sea - level rise in recent decades.