• Asian stocks fall after IMF downgrades economic outlook

    2 monthes ago - By Chron

    SINGAPORE - Asian markets are mostly lower after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade.
    KEEPING SCORE: Japan's benchmark Nikkei 225 fell 1.4 percent to 23,457.00 on Tuesday. Hong Kong's Hang Seng added 0.2 percent to 26,261.26. The Shanghai Composite index extended its losses by 0.1 percent to 2,712.67, after tumbling 3.7 percent on Monday. Australia's S&P/ASX 200 gave up 1.0 percent to 6,041.10. Stocks rose in Taiwan, Thailand and Indonesia but fell in Singapore. Markets in South Korea were closed for a national...
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  • IMF downgrades outlook for world economy to 3.7 pct. growth

    2 monthes ago - By Chron

    WASHINGTON - The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade.
    The IMF said Monday that the global economy will grow 3.7 percent this year, the same as in 2017 but down from the 3.9 percent it was forecasting for 2018 in July. It slashed its outlook for the 19 countries that use the euro currency and for Central and Eastern Europe, Latin America, the Middle East and Sub-Saharan Africa.
    The report comes on the eve of the Oct. 12-14 meetings in Bali, Indonesia, of the IMF and its sister lending...
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