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Stock markets plummet as US economy faces potential recession, worst day in nearly two years

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August 5, 2024
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Global stock markets experienced significant declines on Monday as concerns about a potential recession in the US caused investors to sell off their holdings. The UK’s FTSE 100 index closed down more than 2%, marking its worst day since July 2023. The FTSE 250 index also dropped by 2.83% by the end of the trading day. Other European exchanges, including those in France, Germany, Portugal…

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