Rolling coverage of the latest economic and financial news
- China’s export growth slowest since June 2020
- UK expands import sanctions against Russia and Belarus
- Scottish Power boss urges Sunak to take swift action on energy bills crisis
Good morning, and welcome to our rolling coverage of business, the world economy and the financial markets.
Recession worries are swirling again this morning as China’s Covid-19 lockdowns, the Ukraine war, and the cost of living crisis all threaten the global recovery.
“The sharpest falls were in shipments to the EU and U.S., where high inflation is weighing on real household incomes.
The declines were also especially pronounced in electronics exports which suggest a further unwinding of pandemic-linked demand for Chinese goods.”
