US recession fears darken outlook for global growth

Quick Summary

Manufacturing growth is slowing from Asia to Europe as China's Covid-19 curbs and Russia's invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a new threat to the global economy.

There is a 35% chance of a British recession within 12 months, another Reuters poll showed.

Its PMI also showed signs the economy was stalling as high inflation hit new orders and businesses reported levels of concern that normally signal a recession.

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Article Details

Author / Journalist: Reuters

Category: Economy

Topics: Global growth Us economy Us recession Jerome powell Us inflation Us recession fears

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 19:41:27

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 684 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 5915

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About Times of India

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

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Year Established: 1838

Headquarters: India

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Coverage Areas: India

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Publisher ID: #28

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