Stock Markets Plunge Amid Concerns Over Global Economy

Japan’s Nikkei stock index plunged more than six percent Friday, while European stocks also declined. Japan’s key stock index is now down more than 20 percent from its recent peak.

Investors said they are concerned by a World Bank report that reduced the expected growth rate for China’s economy. They appear even more worried that central banks will cut back efforts to stimulate the economy. Those efforts currently include the U.S. Federal reserve setting interest rates at historic …

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