This isn't a fair criticism if the gloom and doom is true. Japan's economy is contracting, Germany's economy is at a virtual standstill, and Hong Kong is in recession. China and India report next week and are both likely to show economic contractions. In the US the services sector contracted in February to a six year low. These are the biggest economies in the world and they are all flashing big red warning signs.

There is something to be said about self fulfilling recessions fueled by the media but I don't think this article warrants such critique. It is not much more than a statement of fact of the economic conditions of the biggest countries of the world.