DFAT - Global Growth Slows As Boost From Pandemic-Reopening Is Offset By Ukraine War And Omicron

• The Ukraine invasion and resulting sanctions have led to a steep downturn in the Russian economy.
• Rising backlogs were most commonly reported in the US and across the Eurozone.
• Growth is proving encouragingly resilient, but the March survey data indicate that risks have tilted to the downside.

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