Asian stocks sink after IMF says global economy will shrink [ABC News]
CME Group Inc. - Class A (CME)
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Source: ABC News
TOKYO -- Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to thecoronavirusBenchmarks in Tokyo and Hong Kong were flat while Shanghai and Sydney declined despite Wall Street's overnight gain driven by buying of technology stocks.The IMF's latest forecast said global economic output will shrink by 3% this year, a bigger loss than 2009's 0.1% decline. That was a marked reverse from the Fund's previous forecast in January of 3.3% growth before the virus prompted governments to shut down factories, travel and other industries.“The IMF forecast a deep economic winter," said Hayaki Narita of Mizuho Bank in a report. However, Narita said, investors appear to be looking past that to the IMF's outlook for a “spring-back in growth” to 5.8% next year.The IMF’s chief economist, Gita Gopinath, said the loss top global gross domestic product, the broadest gauge of economic output,
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- 11/12/25 - Form 4
- CME's page on the SEC website