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Global Economy Gets Boost but Inflation Worries Linger
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U.S. and European business activity rose in April at the fastest pace in about a year, a boost for the global economy but a potentially complicating factor for central banks working to reduce high inflation.
Demand for services drove the growth, according to surveys by data firm S&P Global covering U.S., eurozone and U.K. businesses. That kept pressure on price increases in regions where inflation last year reached its highest level in decades.
Read more on wsj.comAbout this in other media
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Inflation Tests a Global Economy That Has Weathered Covid-19, Ukraine War wsj.com /1 year ago
Global Economy Gets Boost but Inflation Worries Linger wsj.com /1 year ago
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