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Asia’s factory activity shrinks as China lockdowns weigh on firms

Asia’s factory activity shrinks as China lockdowns weigh on firms

Slumping output highlights darkening economic outlook for Asia in 2023 as China’s lockdowns upend supply chains. Factory output slumped widely across Asia in November as slowing global demand and uncertainty over the fallout from China’s strict COVID-19 lockdowns weighed on business sentiment. The results highlight  Asia’s darkening economic outlook for 2023, …

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