World stocks have been hammered across the board this week, with the MSCI world index losing nearly $5 trillion in value, as widespread disruptions to the supply chain prompted analysts to cut their forecasts for economic growth and corporate earnings in 2020.
“It really does look like we have further tough times ahead of us, growth wise,” said Chris Beauchamp, chief market analyst at IG.Bank of England chief Mark Carney said in a Sky News interview on Thursday night that it was likely the economy would take a hit. Traders are counting on the U.S. Federal Reserve to cut interest rates next month to prop up growth.
What fears
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