Five Things You Need to Know to Start Your Day
Get up to speed with what the markets are monitoring
Good morning. War slows the global economy, panic buying in Beijing and Twitter welcomes back suspended accounts. Here’s what people are talking about.
The world economy will be as weak next year as it was in 2009 after the financial crisis as the conflict in Ukraine risks becoming a “forever war,” the Institute of International Finance said. Global growth will expand 1.2% while the Eurozone will contract 2% as the war drags on. “The severity of the coming hit to global GDP depends principally on the trajectory of the war in Ukraine,” IIF analysts wrote.