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Economy

Trio of critical signs point to global economic slowdown

Downturn in copper prices, weak shipping rates and historic yield inversion raise red flags

Container shipping rates have dropped with consumption.   © Reuters

TOKYO -- Three leading indicators, namely lower copper prices, the inverted U.S. yield curve and depressed shipping rates, have converged to warn of a slowdown in global economic growth.

The price of copper has recently fallen around 20% from this year's peak, according to an index based on three-month futures traded on the London Metal Exchange. Zinc similarly plunged 30% or so, and aluminum by about 20%.

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