A man stands in front of the Bank of England in London. Europe’s economies face strong headwinds in the months ahead. (Photo: AP)

The global economy is slowing, but seems poised to avoid recession

Business surveys released on Wednesday pointed to a decline in output in Europe’s largest economies in November, bolstering expectations that high energy prices will push them into contraction in the final quarter of this year and from the first quarter to the next. Some economists believe it is possible that the US economy will also …

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