Although consumers are mostly optimistic, they may be more cautious about spending as uncertainties on trade and geopolitical imbalances rise. The investment outlook is not promising either, and GDP growth in the first half of 2019 has been weak across large economies, with an especially weak contribution from investment. Looking ahead, the manufacturing and investment outlooks are bleak. The purchasing managers' index has eroded in India and is in contraction in other large markets. Leading economic indexes suggest waning growth momentum in China and India, and significant weakening in the outlook in Brazil and Mexico.