The Allianz World Indicator continues to point south. In October it reached itslowest level since the series began in 1998. This puts the indicator at a level inline with a shrinking world economy.

Since the spring of 2008 the Allianz World Indicator has been at a level in line with global economic stagnation. The September figure again slipped slightly on the previous month.

In the second quarter of 2008 the world economy stagnated, after a positive start to the year, thus confirming the slowdown in global momentum flagged up by the Allianz World Indicator.

The Allianz Global Indicator has improved slightly in July compared to the previous month, but remains mired at a level which lies only marginally above the previous low of October 2001. This signals that the global economy has paused for a long breather.

The Allianz World Indicator continued to head down in June. It has now reached a level pointing to a stagnation in world GDP in the summer months.

The Allianz World Indicator has been mired at a relatively low level since March of this year. Despite unexpectedly buoyant economic momentum in the first quarter – thanks to performance in Japan and the euro area – the prospects for the world economy are still on the gloomy side.

Despite a slight rebound in April the Allianz World Indicator remains at a relatively low level. This is still in line with a moderate upward trend in the world economy.

After a slight pickup in February the downward trend in the Allianz WorldIndicator resumed in March. But its current level still points to an ongoing upwardtrend in the world economy.

The Allianz World Indicator improved in February compared with the previous month. Nonetheless, the trend suggests that global economic momentum slowed down further early this year compared with the final quarter 2007.

Global economic momentum slowed further at the beginning of this year, with theAllianz world indicator in January again down slightly on December.

The world economy has cooled down at the end of 2007 and looks set to make aweak start to the new year.

The global economic picture has changed little in recent months. This is reflectedin the development of the world indicator in October.

With the September reading again slightly down on the previous month the worldindicator remains at a relatively low level. All in all this points to slightly weakermomentum in the world economy, but the growth trend continues to point solidlyupwards.

In recent months the world indicator has shown no underlying trend either up ordown. Amid fluctuations it is coasting at a level which continues to flag up amoderate pace of growth for the world economy.

Since the end of last year the world indicator has been moving more or lesssideways at a low level amid fluctuations. For the world economy this continues tosignal only a moderate pace of growth.

The world indicator nosed up slightly in June over the previous month but is now at a level more in line with a stagnating global economic trend. In Japan in particular the economic outlook has deteriorated over the past two months. By contrast, in the USA and the euro area growth prospects in the main point moderately upwards compared with the previous months.

The world indicator slipped again slightly in May compared with the previous month. But it remains at a level in line with a moderate upward trend in the world economy.

In April the world indicator was at a level in line with a moderate upward trend. Of the three major economic regions, the USA is still dragging down the world economy. The sideways drift in the US indicator for months now points to a soft landing for the US economy.

In March the world indicator was unchanged on the previous months. Since fall last year it has been at a level in line with a moderate upward trend in the world economy.

The moderate upward trend in the world economy remains stable. This is shown by the development in the world indicator in February which improved again slightly on the previous month.