Economic Buzz: Global Economy Remains On Recovery Path Says ECB Bulletin

13 Jan 2022 , 02:46 PM

The European Central Bank (ECB), in its latest Economic Bulletin noted that the global economy remains on a recovery path, although persisting supply bottlenecks, rising commodity prices and the emergence of the Omicron variant of the coronavirus (COVID-19) continue to weigh on the near-term growth prospects. Recent surveys of economic activity suggest that growth momentum remained weak at the start of the fourth quarter, particularly in the manufacturing sector owing to the above-mentioned supply bottlenecks, whereas the services sector benefited from the reopening of large economies.

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