This article was first published on FXTM Global.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
Asian stocks and currencies are mixed while US equity futures are pointing south, offering a relatively subdued reaction to more dire warnings about the fate of the global economy. The IMF predicted that global GDP will contract by three percent this year, which would mark the steepest recession in almost a century.According to estimates by the IMF as well as Wall Street, the global economy could lose anywhere between US$5-9 trillion of growth through 2021 because of the coronavirus. The signs are already there, as the likes of JPMorgan and Wells Fargo announced billions of Dollars being... Read More
To keep reading this article, please navigate to: FXTM Global.