FTA - May Global Growth Up Amid Services Demand Boost And Downturns Easing In China And Russia

• The pace of global economic growth remained among the weakest seen so far during the pandemic recovery period in May, according to the latest PMI data compiled for JPMorgan by S&P Global.
• Future expectations remain especially weak by historical standards in India and the eurozone and have now dipped below the long-run average in the UK.
• The survey data also point to global supply chains continuing to be hit hard by the twin effects of the war in Ukraine and China's latest lockdowns, which should ease to some degree once China's restrictions are loosened.

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