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12.06 - 22:31
Europe’s Economy Slows as Factories Hit Hard by Surging Costs
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Europe’s economy slowed in May and flagging factory orders point to a further weakening over coming months, according to business surveys released Tuesday.
The survey underlines the series of obstacles that the global economy is facing this year, ranging from Covid-19 lockdowns in China, soaring energy and food prices, Russia’s invasion of Ukraine and a broadening drive by central banks to combat high inflation by increasing borrowing costs.
Read more on wsj.comAbout this in other media
Zero-growth warning for UK economy as petrol prices surge theguardian.com /2 years ago
UK to be major economy worst hit by Ukraine war, says OECD theguardian.com /2 years ago
UK beer costs soar as average price of pint tops £8 in one London pub theguardian.com /2 years ago
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