Rapid Declines in Manufacturing Spread Global Anxiety

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Rapid Declines in Manufacturing Spread
Global Anxiety
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• The manufacturing business in the Euro Area,
  Japan, United States had declined in the last
  year.
• Manufacturing has fallen off the cliff, and its
  certainly the biggest decline since the Second
  World War said Dirk Schumacher, senior European
  economist.

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Manufacturing makes up about two-thirds of U.S.
exports, and contributed more to G.D.P. growth
over the last 20 years than any other sector of
the U.S. economy, said David Huether, chief
economist from the National Association of
Manufacturers.
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Manufacturing equals about 14 of GDP in the
United States, it totals 18worldwide, and
accounts for 33 of the GDP in China, according
to the World Bank.
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The sudden reversal in global manufacturing
suggests the Americans should not expect economic
relief from abroad soon, despite a slightly more
optimistic mood on Wall Street lately and
President Obamas call for more stimulus spending
by foreign governments.