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Price Pressures Ease in U.S. and Europe, Businesses Say
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Price pressures eased at the end of the year as central banks fought high inflation, businesses in the U.S. and Europe say, though the global economy continued to teeter with the possibility of a recession.
Household demand for goods is weakening across the globe, and factories are cutting production in response. That has taken pressure off supply chains, leading to a downshift in price increases and slowing global trade.
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