Global growth struggle manifested in earnings estimates for Q3

Earnings season for Q3 unofficially begins today. Both earnings and revenue growth estimates are looking negative but we know that the actual reports are usually skewed to the upside. This quarter, however, growth is estimated to be down more than 5 percent and it is not limited to just the energy sector. The global growth headwinds are winding their way through other sectors as well.

"According to today's latest OECD report, growth is set to slow in each of the world's three largest economies; the U.S., China, and Japan, as well as the U.K., and Canada despite the colossal amount of global central bank stimulus. The U.S. consumer is more than pulling its weight and boosting U.S. GDP but U.S. companies operate globally, hence the earnings struggle", says Voya Global.