Global PMI Highlights Stagflation Risks As Output Growth Slumps Amid Surge In Prices

Markit3.73K FollowersFollow5ShareSavePlay(6min)CommentsSummaryMarch’s PMI surveys, produced by S&P Global, provided the first indication of changing economic conditions since the outbreak of war in the Middle East.Output growth moderated worldwide to one of the greatest extents seen since the global financial crisis of 2008-9, cooling to its weakest since last April.In the major emerging markets, slower growth rates in India and mainland China were accompanied by downturns in Russia and Brazil. Maks_Lab/iStock via Getty Images March’s PMI surveys produced by S&P Global provided the first indication of changing economic conditions since the outbreak of war in the Middle East and signalled an unwelcome combination of markedly slower growth and acceleratingThis article was written byMarkit3.73K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.