MARKET OPEN: Warning bells on global growth may sideline investors

Wed, 20 May 2020

Global growth worries may curb investor appetite today after the International Monetary Fund warned the world’s economy will take longer to recover from the covid-19 shock than previously thought. IMF managing director Kristalina Georgieva told Reuters the IMF is likely to revise downward its forecast for a 3 percent contraction in GDP in 2020. Data from around the world is worse than expected, she said. “Obviously that means it will take us much longer to have a full recovery from this crisis.” The IMF is due to release new global pro...

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