GLCN - Global Economic Growth Lifts Higher As Delta Variant Disruption Eases

• Global economic growth gained momentum at the start of the fourth quarter as disruptions to businesses in many countries eased in line with a reduction in COVID-19 case numbers.
• The PMI was boosted by faster service sector growth, which picked up sharply to the highest for three months largely in response to an easing of COVID-19 containment measures in some countries, in turn linked to lower virus case numbers as the Delta wave ebbed.
• India led the major emerging markets during October, which as a whole recorded the strongest growth since May.

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