Malene Thyssen." /> Malene Thyssen." /> Clouds gather over global economies - MINING.COM

Clouds gather over global economies

Growth ground to a halt in the euro zone’s private sector this month while China’s factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy.

The surveys were published just before European leaders meet for a crisis summit to hash out a second bailout of Greece and allay fears a debt default by Athens will poison access to the bond market for bigger states.

Image is by Malene Thyssen.