The global economy expanded for a twentieth straight month* in February, according to the JPMorgan Global PMI™ (compiled by IHS Markit), with the rate of expansion accelerating from January’s 18-month low as the COVID-19 Omicron wave showed signs of easing. Both manufacturing and services growth improved in February. Services led the rebound with the strongest overall rate of expansion being in businesses services, followed by consumer services. Developed world output growth surpassed that of emerging markets, once again underpinned by services activity expansion. Fewer restrictions across Western economies such as ... (full story)