MoneyBusiness

Actions

Asian stocks sink after IMF says global economy will shrink

Posted
and last updated

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. 

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Saturday

09/13/2025

Sunny

91° / 66°

1%

Sunday

09/14/2025

Sunny

92° / 66°

1%

Monday

09/15/2025

Sunny

96° / 70°

1%

Tuesday

09/16/2025

Sunny

100° / 73°

0%

Wednesday

09/17/2025

Mostly Sunny

99° / 76°

0%

Thursday

09/18/2025

Partly Cloudy

93° / 73°

16%

Friday

09/19/2025

Partly Cloudy

90° / 69°

22%

Saturday

09/20/2025

Sunny

88° / 67°

12%