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Charting the Global Economy: Activity Cools in Europe, US

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Business activity in Europe and the US stumbled this month as high inflation, lingering supply constraints and rising borrowing costs took a bigger toll.

Retail and wholesale prices in the UK accelerated, while a key gauge of inflation in Singapore hit an almost 14-year high. Meantime, more central banks around the world continued to raise interest rates.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Europe

Euro-area economic expansion slowed sharply as surging prices curbed the rebound from pandemic restrictions and factories continued to suffer from supply snarls. An indicator for economic activity by S&P Global fell to a 16-month low in June, driven by rampant inflation, concerns over energy and rising borrowing costs. 

UK inflation rose to a fresh…

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