Eurozone downturn deepens, raising recession fears ...Middle East

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BRUSSELS: European economic activity fell once again in September, a closely-watched survey showed Friday, heightening expectations that a recession was coming.“The Eurozone economic downturn deepened in September, with business activity contracting for a third consecutive month,“ S&P Global Flash Eurozone PMI said.“Although only modest, the rate of decline accelerated to a pace which, barring pandemic lockdowns, was the steepest since 2013.”The purchasing managers' index fell from 48.9 in August to 48.2 in September -- with a score under 50 representing economic contraction.“A eurozone recession is on the cards as companies report worsening business conditions and intensifying price pressur

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