US and European economies slowed sharply in June as rising energy and food prices weakened demand for other goods and services, trade surveys show recession risk Worldwide.
New figures measuring manufacturing and service activity underscore how dark the outlook has become in both Europe and the US Russian war in Ukraine pulls, and with spreading high inflation across the board, supply-chain disruptions and Interest rates likely to rise Stop trading investment. Europe is facing additional pressure from a lack of potential energy this winter.