Large parts of the global economy continue to show signs of a modest rebound after a sharp slowdown at the end of last year, but the improved outlook is threatened by stubbornly high inflation and banking strains in the U.S. and Europe.
Business surveys published Friday recorded pickups in activity across Europe that were almost entirely driven by services providers, while Japan saw a similar acceleration that was aided by the arrival of tourists from China after the lifting of Covid-19 restrictions.
Read more on wsj.com