DMRS - Ukraine War Hits Business Confidence Drives Price Pressures To New Highs

• Preliminary PMI survey data showed only a modest impact from the Ukraine war on current economic growth in the world's largest developed economies in March.
• The United Kingdom recorded the strongest growth of the four largest developed economies for the third month in a row in March.
• With the PMI data signaling stronger economic growth and rising inflationary pressures in March, at face value the surveys bolster the case for further monetary policy tightening, especially in the case of the US and UK.

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