Flash warning for global economies of a sharp slowdown


Business activity in the United States, Europe and Japan fell in August, according to new surveys, indicating a sharp slowdown in global economic growth, with rising prices weakening consumer demand and the war in Ukraine shaking up prices. supply chains.

US businesses reported a sharp decline in business activity in August in a broad-based decline led by service firms, although manufacturing also slowed. High inflation, material shortages, delivery delays and rising interest rates have all weighed on business activity, according to the S&P Global survey.


Wj

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