Data Will Continue to Decelerate Into 1Q of 2020 Says Credit Suisse's Golub

The video discusses the current economic situation, highlighting weaker than expected data but suggesting no need for fear. The US economy is in a relatively good position, though global manufacturing is weak. There are signs of economic stabilization, with PMI and earnings showing potential recovery. Experts debate whether the worst is over, considering monetary policy and trade tensions. Concerns remain about US manufacturing and PMI stagnation.

What does the speaker suggest about the possibility of a global industrial recession?

What is the significance of PMI in the context of the discussion?