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Growth worries are weighing on the markets amid warnings of an economic slowdown on both sides of the Atlantic, as the pandemic continues to disrupt global supply chains.
Anxiety about an economic slowdown has heightened, after the US Federal Reserve warned that the US economy “downshifted slightly” in August, amid rising coronavirus cases and mounting supply chain problems and labor shortages.
In its latest round-up of current US economic conditions, the Fed warned that the renewed surge of the coronavirus has hit dining, travel and tourism, saying:
“The deceleration in economic activity was largely attributable to a pullback in dining out, travel, and tourism in most Districts, reflecting safety concerns due to the rise of the Delta variant, and, in a few cases,…