MARKET OPEN: Warning bells on global growth may sideline investors

MARKET OPEN: Warning bells on global growth may sideline investors
Rebecca Howard
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...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025