IMF Cut Global Economic Outlook as Emerging Markets Growth Risks to the Downside

Financial market firmed despite IMF’s downgrade in global economic outlook. Wall Street rose with the DJIA and the S&P 500 indices gaining +0.5% and +0.72% respectively. In the commodity sector, the front-month contract for WTI crude oil rose to +0.38% while the Brent crude contract gained +0.35%.

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IMF Cut Global Economic Outlook as Emerging Markets Growth Risks to the Downside