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ALJAZEERA: A grim economic outlook from the US Federal Reserve, warnings from the International Monetary Fund about global economic health and signs of slowing growth in China and Germany have pushed world stocks sharply down.’ US stocks closed down 3.5 per cent (391.01 points) and European shares fell to a two-year low, dragging an index of global equities to a one-year bottom out. Heads of the IMF and World Bank on Thursday warned that Europe and the US needed to get control of their deteriorating economic crises or risk “suffocating” the global economy… (more) |
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