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Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. Want to bring in Karl Weinberg, high frequency economics chief economist and he joins us now.

Good day to you Carl. Let's start with that theme.

Is it the year of the global synchronized slowdown?

Hi, good morning Jonathan.

It's kind of interesting me being over here and you being over there.

We're looking at certainly slower growth in Europe.

We're looking at slower growth in Canada. We heard about that last night.

Japan is doing actually a little bit better. China's numbers domestically

disappointing. The trade numbers though people are taking this one-off number

and projecting it into a slowdown.

China's exports and imports are actually going between 10 and 20 percent faster than

world trade.

But that's the key theme, Jonathan.

...