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ACWI - PMI Surveys Indicate Global Economic Growth Stuck At 3-Year Low
iShares MSCI ACWI Index Fund
The pace of global economic growth remained stuck at a three-year low in June, according to the latest PMI surveys from IHS Markit, rounding off the worst quarterly expansion since the second quarter of 2016. Both employment growth and cost pressures also hit the weakest since 2016, while future business expectations sank to a new survey low.
A disappointing run of developed world PMI surveys for June concluded the slowest quarter of growth since 2013, with falling output in the UK accompanied by lacklustre growth in the US, Japan, and eurozone, albeit with the latter