With central banks chasing shadows, many nations are now plunging towards or into recession

Created
Thu, 24/08/2023 - 18:29
Updated
Thu, 24/08/2023 - 18:29
Yesterday, the – Flash Germany PMI – was released, which shows that “German business activity” has fallen “at fastest rate since May 2020”. Also released was the – Flash Eurozone PMI – which revealed that “Eurozone business activity contracted at an accelerating pace in August as the region’s downturn spread further from manufacturing to services”,…