Stocks lower as World Bank slashes global growth forecast

  • 📰 eNCA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Major stock markets fell Tuesday as investors fretted over central bank moves to rein in inflation and the World Bank cut its global economic growth forecast following Russia's invasion of Ukraine.

The World Bank slashed its growth estimate from 4.1 percent to 2.9 percent, warning that"recession will be hard to avoid" in many countries.

Stock markets in London, Paris and Frankfurt, all ended the day in negative territory. And Wall Street was also in the red at around mid-session. "Keep your seat belts fastened because there will be more turbulence ahead, as central banks are forced to withdraw support."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.

Singapore Singapore Latest News, Singapore Singapore Headlines