Global Economies Flash Warning of Sharp Slowdown

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Enterprise exercise within the U.S., Europe and Japan fell in August, in keeping with new surveys, pointing to a pointy slowdown in global economic growth as larger costs weaken client demand and the war in Ukraine scrambles provide chains.

U.S. firms reported a pointy drop in enterprise exercise in August in a broad-based decline led by providers firms, although manufacturing slowed as properly. Excessive inflation, materials shortages, supply delays and interest-rate rises all weighed on enterprise exercise, the S&P World survey stated.

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