Warning signs for global recovery as Delta dims outlook By Reuters – Investing.com
- Date: 21-Jul-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Warning signs for global recovery as Delta dims outlook By Reuters – Investing.com
By Saikat Chatterjee and Ritvik Carvalho
LONDON (Reuters) - A drubbing in world equity markets this week and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time soon.
Data from the United States and China, which account for more than half of world growth, suggests a slowdown in the recent blistering pace of the global economy alongside rising prices for all manner of goods and raw materials.