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Global Economy Slows, but Seems to Be Faring Better Than Feared

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wsj.com

The global economy continued to deteriorate as 2022 draws to a close, but not as severely as economists previously feared, raising the possibility the world could avoid a deep slump next year.Business surveys released Wednesday pointed to declines in output across the U.S.

and Europe’s largest economies in November. But the figures and other economic readings pointed to a mixed outlook, with some parts of both economies continuing to show resilience despite high inflation and rising interest rates.

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