g-f(2)90 THE BIG PICTURE OF THE DIGITAL AGE, WSJ, Purchasing-managers surveys show American economy gaining momentum, risk of recession growing in Europe

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The U.S. economy picked up momentum at the start of the year, while Europe showed a growing risk of a second recession amid tougher restrictions to contain coronavirus infections, surveys of purchasing managers showed.

• Part of the difference between the U.S. and European performance in January might be the result of more severe lockdowns that were imposed in Europe this month compared with the U.S., said Chris Williamson, chief business economist at IHS Markit.
• The eurozone economy has suffered a weak start to the year, with high coronavirus infection rates and government restrictions increasing the risk of a second recession since the pandemic first struck last year.

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Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from WSJ]

Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact". 

• Inherited from sources + Supported by the knowledge of one or more experts Supported by a survey.

Authors of the genioux fact

Fernando Machuca

References

U.S. Business Activity Gains at Start of Year, Paul Hannon and Kim Mackrael, Updated Jan. 22, 2021 11:13 am ET, The Wall Street Journal, WSJ.

ABOUT THE AUTHORS

Paul Hannon 

Reporter, The Wall Street Journal

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Kim Mackrael

Reporter, The Wall Street Journal

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