The International Monetary Fund’s chief economist described a "nascent" global recovery on Wednesday, but warned that US policymakers walked a tightrope in timing the end of the fiscal stimulus.
IMF: ‘Nascent recovery’ under way
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World Bank: Poor nations hit hard by fall in global trade
Worldwide trade will plummet by nearly 10 percent this year, and output will fall by 2.9 percent, the World Bank predicted in a report released Monday.
Down day for global markets
Major markets across the world were sliding Friday with low confidence leading to near-record lows in the United States. European stocks were taking a beating as investors become increasingly anxious over the state of the global economy. Mining and banking shares fell sharply with mining giant Anglo-American leading the losses.