IMF issues grim 2020 forecasts; Wall Street retreats; China the only growing economy but has its own problems; UST 10yr yield at 0.68%; oil down and gold unchanged; NZ$1 = 64.1 USc; TWI-5 = 69.1


Source: interest.co.nz interest.co.nz

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IMF issues grim 2020 forecasts; Wall Street retreats; China the only growing economy but has its own problems; UST 10yr yield at 0.68%; oil down and gold unchanged; NZ$1 = 64.1 USc; TWI-5 = 69.1 25th Jun 20, 7:18am by David Chaston Here's our summary of key economic events overnight that affect New Zealand, with news equity markets are in a sharp selloff. The IMF now says global activity is expected to fall -4.9 percent in 2020, 1.9 percentage points below their April 2020 forecast. They say the pandemic has had a more negative impact on activity in the first...