Global economy fears rise as manufacturing growth slumps in China
by Phillip Inman from Economics | The Guardian on (#450XZ)
Figures also show dramatic slowdown in business activity across Europe and the US
Fears are growing about the state of the global economy after a slump in Chinese manufacturing output growth and a dramatic slowdown in business activity across Europe and the US.
Stock markets sagged on Friday as China's government said industrial production and retail sales slowed in November. Traders were also spooked by surveys that showed French business activity contracted this month and the US economy slipped to its lowest growth rate for 18 months in December.
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