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Cracks Are Starting to Appear in the Global Economy's Momentum

  • Purchasing manager indexes fall in Japan, euro region
  • G-20 highlighted momentum while disagreeing on commerce
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Natixis' Nguyen Says Global Economy Is Going Strong

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The global economy’s upswing showed signs of strain in March as a drop in momentum at businesses from Japan to the euro region underscored the world’s vulnerability to confidence shocks from a trade war.

Hours after the U.S. Federal Reserve raised interest rates and boosted growth forecasts for this year and next, survey data from elsewhere provided a reminder of how the international economic outlook could turn. The euro area’s private sector grew at the slowest pace in 14 months, Japanese manufacturing lost steam and German business confidence fell to the weakest level in almost a year, reports on Thursday showed.