UK, European economies face high stagflation risks
Manufacturers acutely short of vital materials to produce goods while production costs go up with price rises
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ACUTE supply shortages have raised stagflation risks of the British and European economies, with the latest purchasing management surveys conducted by IHS Markit showing that UK, German, French manufacturers are encountering a dual problem.
They are short of vital materials to produce goods and production costs are increasing because of price rises. Construction companies are encountering similar problems.
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