[cityhantam]

https://www.channelnewsasia.com/business...rs-2895831
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World at rising risk of recession as inflation hits consumers
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U.S. private-sector business activity contracted for a second straight month in August and is at its weakest in 18 months, with particular softness registered in the services sector.
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It was a similar story in the euro zone where the cost of living crisis meant customers kept their hands in their pockets and business activity across the bloc contracted for a second month.
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In Britain, outside the European Union, private sector growth slowed to a crawl as factory output fell and the larger services sector eked out only a modest expansion, indicating a recession was coming there.

Japan's factory growth slowed to a 19-month low this month as output and new order declines deepened while Australia's composite Purchasing Managers' Index fell below the 50 mark separating growth from contraction.
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