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You're reading: Global growth fears drag down financial markets
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Stocks have risen in recent weeks as the U.S. Federal Reserve and monetary authorities in other major economies announced measures to support economic activity. The European Central Bank unveiled a new plan to restore investor confidence in the government finances of the 17-country eurozone.

The latest indicators, however, suggest the global economy is still slowing down and will take some time to recover.

On Monday, Germany’s Ifo index of business confidence fell for a fifth consecutive month, evidence that even the continent’s largest and so far strongest economy is suffering headwinds.

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