Stock markets slump as hopes fade for swift economic recovery
by Rob Davies from Economics | The Guardian on (#53FK8)
Optimism fizzles out following sombre prognosis and soaring US unemployment figures
European stock markets slumped on Thursday as investors began to lose faith in the prospect of a swift recovery from the economic turmoil triggered by Covid-19.
Optimism fizzled out after a sombre economic prognosis from the chair of the Federal Reserve was swiftly followed by soaring US unemployment figures and a leading health official's warning that the world may never be rid of the virus.
Continue reading...