Global stock markets were in decline Thursday following yesterday’s statement from the Federal Reserve following its two-day policy meeting in Washington. The Fed statement said that Ã¢â‚¬Å“significant downside risksÃ¢â‚¬Â threatened the U.S. economy raising fears that the global economy was heading for another recession.
Ã¢â‚¬Å“The storyline is that global growth is decelerating,Ã¢â‚¬Â Mike Ryan, the New York-based chief investment strategist at UBS Wealth Management Americas, said in a telephone interview. His firm oversees $774 billion. Ã¢â‚¬Å“Financial stresses are rising and policymakers are finding few viable options to stabilize the real economy.Ã¢â‚¬Â
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