The International Monetary Fund’s chief economist described a "nascent" global recovery on Wednesday, but warned that US policymakers walked a tightrope in timing the end of the fiscal stimulus.
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World Bank: Poor nations hit hard by fall in global trade
Down day for global markets
Major markets across the world were sliding Friday with low confidence leading to near-record lows in the United States. European stocks were taking a beating as investors become increasingly anxious over the state of the global economy. Mining and banking shares fell sharply with mining giant Anglo-American leading the losses.