HAUZ - New Virus Waves Dampen Global Economy Hit Supply And Push Prices Higher

• IHS Markit's PMI business surveys showed the global economic recovery continuing into July, but the rate of expansion lost momentum for a second month running.
• The global economy continued to expand at a solid rate in July, according to the JPMorgan Global PMI™ (compiled by IHS Markit), albeit with the rate of growth cooling further from May's 15-year high to the slowest since March.
• The July data serve as a reminder that the path of the virus and vaccination rates remain critical to the functioning of supply lines, and will dictate the balance of supply and demand globally in the coming months.

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