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The US and the UK are both slowing fast.
The other half reflects unease about the fact that the economy is both slowing and grotesquely unbalanced.
Europe and Japan are both slowing, and the drop-off in foreign demand is exacerbated by the strength of the dollar.
Figures for the manufacturing and construction industries showed them both slowing and are expected to be matched by a survey of the services sector on Tuesday, which accounts for around three-quarters of all economic activity.
Rahul Bajoria, an economist with Barclays Capital in Singapore, said emerging Asia's rate-cutting cycle was "pretty much done" for now, with the exception of India, where domestic growth and inflation are both slowing sharply.
The Geneva report instead argued a concerted effort to tackle the after-effects of the crisis was needed to mitigate a "poisonous combination of high and rising global debt and slowing nominal GDP [gross domestic product], driven by both slowing real growth and falling inflation".
Similar(51)
When physical activity ends abruptly, the heart and muscles both slow down their rates while blood vessels may remain dilated.
The increase in hIAPP and decrease in ghrelin both slow the gastric emptying rate by producing a parasympathetic signal (17).
Housebuilding and civil engineering both slowed, while commercial construction fell into a contraction.
Manufacturing bosses reported that output growth, and new orders, both slowed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com