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Global Economy Slows, but Seems to Be Faring Better Than Feared
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The global economy continued to deteriorate as 2022 draws to a close, but not as severely as economists previously feared, raising the possibility the world could avoid a deep slump next year.
Business surveys released Wednesday pointed to declines in output across the U.S. and Europe’s largest economies in November. But the figures and other economic readings pointed to a mixed outlook, with some parts of both economies continuing to show resilience despite high inflation and rising interest rates.
Read more on wsj.comAbout this in other media
Retail Sales, Manufacturing Declines Point to Slowing Economy wsj.com /1 year ago
Economy Week Ahead: U.S. Inflation, Fed Rate in Focus wsj.com /1 year ago
Economy Week Ahead: U.S. Trade and Supplier Prices in Focus wsj.com /1 year ago
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