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Business activity plummets, but markets rally on Fed support

March 24, 2020

Via: ABC News

Europe’s economy could shrink by some 10% this year as efforts to contain the spread of the virus outbreak cause a collapse in commercial activity. Yet markets were up sharply on Monday – extending weeks of stunning volatility – as investors digested the extent of the financial support provided by the Federal Reserve this week.

Here’s a look at the latest developments as the coronavirus outbreak tears through the world economy.

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