Article 6EFE7 Global economic fears deepen as service sector dips in China and Europe

Global economic fears deepen as service sector dips in China and Europe

by
Larry Elliott Economics editor
from Economics | The Guardian on (#6EFE7)

Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors

Fears about the health of the global economy have intensified following downbeat news about service sector activity in China, the eurozone and the UK.

Share prices fell in Asia and the pound dropped to a 12-week low against the US dollar after fresh signs of weakness in China triggered speculation that its post-lockdown recovery was running out of steam.

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