{"id":159697,"date":"2022-06-17T12:19:43","date_gmt":"2022-06-17T12:19:43","guid":{"rendered":"https:\/\/omni48.com\/news\/global-stock-markets-head-for-steepest-weekly-fall-since-2020-as-recession-fears-rise-as-it-happened"},"modified":"2022-06-17T12:19:43","modified_gmt":"2022-06-17T12:19:43","slug":"global-stock-markets-head-for-steepest-weekly-fall-since-2020-as-recession-fears-rise-as-it-happened","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/global-stock-markets-head-for-steepest-weekly-fall-since-2020-as-recession-fears-rise-as-it-happened","title":{"rendered":"Global stock markets head for steepest weekly fall since 2020 as recession fears rise – as it happened"},"content":{"rendered":"

1.19pm BST Summary A quick round-up. Global stock markets are on track for their worst week since 2020, as fears of a global downturn intensify . World shares have lost around 5.5% so far this week, as a succession of central banks have tightened monetary policy. The Bank of England’s chief economist, Huw Pill, has defended the BoE’s failure to better forecast inflation — blaming unexpected shocks such as the Ukraine war. Supermarket chain Tesco has reported that shoppers are changing their behaviour , as customers face ‘unprecedented’ cost of living pressures. The cost of living crisis is damaging many people’s physical and mental health , as the prices of necessities continue to soar, a survey found. Gatwick airport is reduce its summer capacity to ward off potential chaos , after dozens of last-minute cancellations wrecked the travel plans of holidaymakers over the platinum jubilee and half-term holiday. M&C Saatchi has withdrawn its support for a £310m takeover bid from<\/p>\n","protected":false},"excerpt":{"rendered":"

Rolling coverage of the latest economic and financial news<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,24],"tags":[27,29,28],"class_list":["post-159697","post","type-post","status-publish","format-standard","hentry","category-news","category-stocks","tag-economy","tag-markets","tag-stocks"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/159697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=159697"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/159697\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=159697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=159697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=159697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}