"Recession here we come!" quipped Alan Clarke, UK economist at BNP Paribas.By Ross Finley
LONDON
(Reuters) - Factories across the developed world and emerging markets are rapidly gearing down production responding to fading demand but are raising prices aggressively, spelling more trouble for the world's central banks.
Reports on Friday from around the world -- China, the euro zone, Germany, Britain, Sweden -- pointed to a rapid slowdown, leaving financial markets jittery awaiting expected news due later of another month of job losses in the United States.
They marked the second day of almost uniformly negative economic news from across the globe -- a worrying sign of a simultaneous downturn nearly one year after the start of a credit crunch that still has world markets in its clutches.
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A poll of 76 economists by Reuters on Thursday showed the Bank of England set to leave interest rates steady next week and for the remainder of the year as it is trapped between slowing growth and inflation set to soar even higher on gas bill rises.
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