Asian stock markets have edged lower in cautious trading after the International Monetary Fund said the global economy will suffer a “its worst year since the Great Depression of the 1930s. Benchmarks fell in Shanghai and Sydney on Wednesday and were flat in Tokyo and Hong Kong. Overnight, Wall Street gained on buying of technology shares as investors looked ahead to how restrictions imposed to fight the coronavirus pandemic might end. The IMF says it expects the global economy to shrink by 3% this year, bigger contraction than 2009's 0.1% decline during the global financial crisis.
Posted
and last updated
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
,
Weather
Sunday
11/30/2025
Fog Late
-° / 41°
9%
Monday
12/01/2025
Fog Late
56° / 40°
13%
Tuesday
12/02/2025
Partly Cloudy
58° / 39°
5%
Wednesday
12/03/2025
Partly Cloudy
55° / 39°
5%
Thursday
12/04/2025
Mostly Clear
58° / 40°
4%
Friday
12/05/2025
Mostly Clear
58° / 42°
4%
Saturday
12/06/2025
Clear
59° / 43°
4%
Sunday
12/07/2025
Partly Cloudy
59° / 44°
11%