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KWEB - Global Economy Slides Into Contraction Price Pressures Ease To 1.5-Year Low
KraneShares Trust CSI China Internet
Summary
Global economic output contracted in August for the first time since June 2020, according to the latest PMI survey data.
For the first time since early 2020, all four largest developed economies reported falling output.
Reduced input cost inflation and worsening demand fundamentals have led to falling selling prices in mainland China and considerably softer rates of selling price inflation in the eurozone and US.