Global equities hit by growth fears; ECB in focus

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Asian equities are following US stocks lower, after the IMF downgraded its global growth forecast by 0.2 percentage points to 3.3 percent for 2019; the slowest rate since the global financial crisis. This was the International Monetary Fund’s third downward revision in six months.

The slowdown is expected to be felt by 70 percent of the global economy, including the US, EU and Japan, as well as major emerging economies, although China is a notable exception to the broader trend. With overall risks tilted to the downside, the gloomy outlook has sparked immediate responses in safe haven… Read More:

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