IMF Issues Grim New Economic Forecast

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The International Monetary Fund has issued a grim outlook for global growth in the wake of the novel coronavirus pandemic. The IMF’s chief economist spoke about the role of central banks in fighting this economic crisis and advocating for their intervention. The stock market is not actually tied to the economy, but US equities saw substantial losses, with news outlets blaming an increase in COVID-19 cases and the IMF’s grim forecast. Meanwhile, the US is considering additional tariffs on a new list of products from some European countries, according to a document released by the office of US Trade Representative.

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