Global economy weakening amid inflation fight, war and lingering pandemic

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from The Washington Post,

The danger of a hard landing in the United States adds to concerns around the world.

Stubbornly high inflation has Wall Street worried that the Federal Reserve will respond by raising interest rates until the United States tumbles into recession, taking the weakening global economy with it.

While analysts say the U.S. economy grew in the third quarter, signs of trouble are multiplying, here and abroad. Higher mortgage rates are chilling the U.S. housing market; energy shortages are hurting German factory output; and recurring coronavirus lockdowns are hobbling Chinese businesses.

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