Global Stocks, Oil Price Sink on Grim IMF Forecasts

Global Stocks, Oil Price Sink on Grim IMF Forecasts
Men wearing face masks stand in front of an electronic board showing Hong Kong share index outside a local bank in Hong Kong, on April 15, 2020. Kin Cheung/AP Photo
|Updated:

Global stocks and oil prices tumbled on April 15 after the International Monetary Fund (IMF) said the world’s economy will suffer its worst year since the Great Depression of the 1930s due to the CCP virus pandemic.

Indexes in London and Frankfurt were down about 2 percent and benchmarks in Shanghai, Tokyo, Hong Kong, and Sydney closed lower. Wall Street futures were down by over 1.5 percent.