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Wall Street sharply lower on fears about economy

NEW YORK — Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession. The Dow Jones industrial average fell ...

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IMF: World economy enters ‘dangerous new phase’

WASHINGTON — The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe ...

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