Global economy fears grow as China and eurozone slump
by Richard Partington Economics correspondent from Economics | The Guardian on (#46YG2)
Financial markets around the world sell off sharply after drop in Chinese exports
Fears are growing over the state of the global economy after China recorded a shock fall in exports, while European factory output declined by the biggest margin in almost three years.
In a sign that the worldwide slowdown is gathering pace, official figures showed Chinese exports were down 4.4% in December - the largest fall since 2016 - on the back of faltering demand in most of its key markets. Imports fell 7.6% to reflect waning domestic demand.
Related: US-China trade war: is the time ripe for peace to break out? | Larry Elliott
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