Date: August 6, 2025
Source: Resend Global News
In a shocking turn of events, global stock markets have plummeted today amid mounting fears of a global recession, driven by escalating interest rates and a slowdown in major economies like the United States, China, and the Eurozone.
📉 Key Updates:
- Dow Jones falls 1,200 points at opening.
- FTSE 100 and Nikkei report sharp declines.
- Oil prices tumble below $60 per barrel.
- Bitcoin drops 12% in 24 hours.
- Gold surges to $2,600/oz as investors flee to safe assets.
🔎 What’s Driving the Crisis?
- U.S. Federal Reserve raises interest rate to 6.5%, highest in 23 years.
- China’s economic recovery stalls – factory output and housing markets decline.
- Eurozone inflation spikes again despite ECB tightening policies.
- Global debt levels hit a record $315 trillion.
💬 IMF Chief Kristalina Georgieva:
“The global economy is under severe pressure. Coordinated action is necessary to avoid a prolonged downturn.”
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