Global Markets Experience Sharp Fluctuations Amid Recession Fears
4 weeks ago
Global markets have witnessed significant volatility in recent days due to growing concerns over an economic slowdown. Major stock indexes in Europe and the US have declined, while oil prices saw a notable drop amid ongoing economic pressures.
This decline is attributed to expectations of interest rate hikes by major central banks, along with geopolitical tensions affecting global supply chains. Meanwhile, investors are seeking safe-haven assets like gold and the US dollar, driving their value higher.
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