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The Economic Times
The Economic Times

Charting the global economy: Euro area business activity sags

United States Economy Euro Iran Inflation the Middle East

(Bloomberg) --Business activity in the euro area contracted for the first time since 2024 on a pronounced weakening in the services sector as war in the Middle East suppressed demand.

In the US, retail sales powered ahead last month in a broad advance that underscored a resilient consumer. Meanwhile, South Korea’s economy expanded by the most since 2020 as rampant investment in artificial intelligence continues to fuel a technology-led export boom.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:

Europe

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