Things are tough all over.

The Economist declares the entire world to be in recession.  GNP growth world wide has been falling since 2010.  World wide purchasing manager's book to bill ratio is only a couple of percentage points above contraction level.  They go on to moan about how things are particularly bad in Europe, but maybe the Americans will pull the world out of the ditch.  But they don't count on the Americans too much.  "It does not seem ready to resume the role of consumer of last resort".   Surprisingly for a magazine so full of good advice for everyone, they have nothing to say about how to drag the world out of the ditch.