European stocks are expected to open slightly lower Thursday as investors digest the latest economic forecasts from the International Monetary Fund (IMF).
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Dow drops 700 points as virus cases surge, IMF cuts global outlookStocks fell Wednesday on worries over the prospects of a quick economic recovery after the IMF projected the global recession will be worse than initially expected.
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IMF Slashes Global GDP Forecasts, Warning Of An Economic Crisis ‘Like No Other’The International Monetary Fund has downgraded its global economic forecasts for 2020, and is now predicting the coronavirus pandemic will cause a much deeper recession and slower recovery than originally expected by skleb1234
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IMF predicts deeper global recession due to coronavirus pandemicThe coronavirus pandemic has caused wider and deeper damage to economic activity than first thought, the International Monetary Fund said on Wednesday, prompting the institution to slash its 2020 global output forecasts further.
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Dow drops 600 points as virus cases surge, IMF cuts global outlookStocks fell Wednesday on worries over the prospects of a quick economic recovery after the IMF projected the global recession will be worse than initially expected.
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IMF downgrades outlook for global economy in face of virusThe International Monetary Fund sharply lowers its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts the global economy will shrink 4.9%.
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