Activity is expected to diverge across regions and geographies although the global economy has been slowing down, QNB has said in an economic commentary. In early 2021, when several major economies were benefiting from a stimulus-driven recovery from the pandemic, activity indicators had a sharp positive run, QNB noted. The global manufacturing Purchasing Managers’ Index (PMI), a survey-based indicator that measures whether several components of activity improved or deteriorated versus the previous month, peaked at a high of 56 in May 2021. Traditionally, an index reading of 50 serves as a threshold to separate contractionary (below 50) from expansionary (above 50) changes in business cond
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