Global economy’s grim outlook

Amid the coronavirus pandemic, grim prospects have grown even darker as the International Monetary Fund (IMF) predicts that the global economy will be in worse shape than it was during the Great Depression. Meanwhile, the World Trade Organization said that global trade will fall between 13 and 32 percent this year as poorer nations struggle to receive pandemic relief payments. However, US markets are surging, despite record unemployment claims and poor bank performance. Markets here in the US are in the green, continuing the mostly upward trend we have seen over the last week.

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