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Covid, soaring inflation threaten second winter of woe for world economy

Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.

Children leave a school in Shekou area of Shenzhen, Guangdong province, China April 20, 2021. REUTERS/David Kirton//File Photo
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Children leave a school in Shekou area of Shenzhen, Guangdong province, China April 20, 2021. REUTERS/David Kirton//File Photo

Bloomberg | Craig Stirling
The world economy is approaching the northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persisting supply disruptions, soaring prices and resurgent outbreaks.  

Global surveys of purchasing managers this week are likely to point that way. Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.
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With parts of Europe confronting renewed restrictions to contain another wave of the virus, China’s rebound fading and rising infections taking

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First Published: Nov 21 2021 | 7:59 AM IST

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