Global Economies Flash Warning of Sharp Slowdown

Enterprise exercise within the U.S., Europe and Japan fell in August, in line with new surveys, pointing to a pointy slowdown in world financial development as greater costs weaken shopper demand and the conflict in Ukraine scrambles provide chains.

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