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.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button