Braking Down The Noise

Global Economic Growth Is Weighed Down by Inflation, Rising Interest Rates

Data indicate difficult times ahead as U.S. business activity contracts, Europe energy costs rise and China’s exports slow

18

Fresh economic data pointed to a slowdown in U.S. and global growth, as higher prices and interest rates weigh on consumer demand, Europe enters a critical phase of its economic conflict with Russia, and China faces headwinds.

U.S. and European business activity fell in October, according to new surveys released Monday. A sharp slowdown in services activity, the biggest driver of the world’s largest economy, led the U.S. decline.

 

Continue Reading…

 

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More