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JSML - Ukraine War Sees Modest Impact On DM Economic Growth; Business Confidence Slumps
Janus Henderson Small Cap Growth Alpha ETF
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.
Business activity continued to grow strongly across the G4 developed economies of the US, eurozone, UK and Japan in March.
Given the slide in business sentiment captured by the surveys, the risks seem tilted towards slower economic growth but rising inflation in the months ahead.