Deeper China downturn, weak Europe dents global growth outlook

23-Sep (Reuters) — The outlook for the global economy became bleaker on Wednesday as signs of a deeper downturn in China emerged, despite massive policy stimulus, coupled with weak growth at best in Europe.

China’s vast factory sector shrank at its fastest rate in 6-1/2-years in September, a private survey showed, sending investors worried about sagging global growth scurrying out of risky assets.

Reacting to the data, Asian stocks posted their biggest single-day fall in a month on Wednesday.

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