ML-Implode News - The global economy is slowing down. But is it recession -- or protectionism?

... inside China it feels as though sluggish demand from the eurozone, rather than a homegrown problem, is to blame for the deterioration in the economic weather. Luo, whose company exports to the US, Europe, Middle East and Africa, says exports have roughly halved since last year. "The worst market has been Europe, largely due to exchange rate fluctuations," he says.
The European Central Bank has deliberately driven down the value of the single currency by implementing quantitative easing. "The other major factor has been labour costs here, which have gone up about a third," Luo adds.

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The global economy is slowing down. But is it recession -- or protectionism?