An article in the Wall Street Journal in late 2022 noted that FedEx Corp.s warning of a
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An article in the Wall Street Journal in late 2022 noted that “FedEx Corp.’s warning of a sharp drop in package deliveries set off fresh worries among investors about the outlook for the global economy.”
a. What were investors worried might soon occur in the global economy?
b. Why might investors believe that a decline in package deliveries by FedEx would increase the likelihood that the event you identified in part (a) would happen?
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