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Global GDP Tracker’s 2.3% Drop in May Shows Worst Over

Global GDP tracker suggests output continued to fall in May, albeit at a slower pace

Bloomberg Economics’ global GDP growth tracker suggests output fell for a third month, albeit at a slower pace. The latest tracker reading shows the global economy contracting at an annualized rate of 2.3% in May, up from a drop of 4.8% in April, but still a far cry from growth of 4.2% at the start of the year.