All eyes on Asia

Some economic indicators are far more popular than other, more obscure ones. However, being obscure does not make the latter set of indicators less important, and this certainly applies to the little-known Baltic Dry Index (BDI), formerly the Baltic Freight Index. Since the beginning of July the BDI has doubled in value, and this has significant implications for the global growth outlook and for the current debate over decoupling.

The BDI, according to the Baltic Exchange, provides an assessment

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