Horror retail and factory figures from US hammer world markets
Sales collapse the worst on record while production in March was the worst in 74 years
16 April 2020 - 08:35
Singapore/New York — World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in US retail sales and factory production and increasing gloomy economic outlooks for Asia.
US retail sales fell the most on record in March, while manufacturing output fell by the most in 74 years, raising fears of a deep recession. In Asia, growth will grind to zero for the first time in 60 years in 2020, the IMF said on Thursday, as exporters are pounded by slumping demand and antivirus measures force consumers to stay home and shops to shut down...
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