Global Economy Grows Slower, Inflation Rises With Energy Shortage

The global economy is showing signs of waning momentum and mounting inflation pressures during its third month of a war-induced energy crunch. Reports indicate slower growth and rising prices in multiple regions. The energy situation has continued for three months.

Data show reduced economic activity in several major economies. Inflation readings have increased in the same period.

The energy crunch stems from an ongoing war.

Officials have not released updated forecasts for the coming months.