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European Shares Set For Sluggish Start As IMF Cuts Asia's Growth Forecasts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks are seen opening a tad lower on Friday after the International Monetary Fund (IMF) cut Asia's growth forecast to 4.0 percent this year and 4.3 percent next year, down 0.9 percent points and 0.8 points from April, respectively citing a number of headwinds.

Weak tech earnings may also weigh, with Amazon offering a gloomy view of its financial future, Apple signaling slower growth ahead and Intel announcing lower-than-expected earnings guidance for the full fiscal.

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