Fri, 2022-09-16 14:26
LONDON: European stocks fell on Friday and Wall Street was set to open lower as investors braced for a US rate hike next week amid more warning signs pointing to a global economic slowdown, according to Reuters.
The World Bank’s chief economist said on Thursday he was worried about a period of low growth and high inflation in the global economy.
The International Monetary Fund said downside risks continue to dominate the economic outlook but it was too early to say if there will be a widespread global recession.
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