Global economy fears grow as China and eurozone slump

China 0 Comment 0

Financial markets around the world sell off sharply after drop in Chinese exports

Fears are growing over the state of the global economy after China recorded a shock fall in exports, while European factory output declined by the biggest margin in almost three years.

In a sign that the worldwide slowdown is gathering pace, official figures showed Chinese exports were down 4.4% in December – the largest fall since 2016 – on the back of faltering demand in most of its key markets. Imports fell 7.6% to reflect waning domestic demand.

Related: US-China trade war: is the time ripe for peace to break out? | Larry Elliott

Continue reading…
Source: china
Link : Global economy fears grow as China and eurozone slump

Author

Leave a comment

Search

Back to Top