A global manufacturing slowdown suggests worse is to come
Recession would be brutal for countries that have still not recovered from covid-19
“Is a global recession imminent?” asks a new report by the World Bank. The answer—that one very well might be—will not be a surprise to manufacturers. In August global manufacturing output shrank relative to the month before, and new orders fell for the second month in a row, according to JPMorgan Chase, a bank. As economic woes mount, worse could be ahead, for factories and the broader economy.
This article appeared in the Finance & economics section of the print edition under the headline “Factories, floored”
Finance & economics September 24th 2022
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