The delayed effects of the Middle East conflict are just beginning to show

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U.S. PMI data shows Middle East conflict's economic impact intensifies
U.S. PMI shows that Middle East conflicts are squeezing demand, with companies only achieving moderate growth and layoffs.
May GDP growth is unlikely to exceed 1%, and order growth has fallen to a two-year low, with the preventive inventory effect difficult to sustain.
As prices continue to rise, cost growth has hit its fastest pace since 2022 and will be passed on to customers at higher prices, further elevating inflation amid economic slowdown.
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