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Charting the Global Economy: Euro-Area Recession Looks Likely
A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed. Meantime, the outlook for global trade got a boost this week as South Korea’s exports are likely to maintain momentum. Elsewhere in Asia, Chinese banks maintained their benchmark rates as they aim to boost liquidity and support lending. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Europe S&P Global’s purchasing managers’ index was in contraction again in November, hitting ... (full story)