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Concern mounts over another global downturn

 

Today’s monthly meeting of the European Central Bank is expected to be dominated by concern about Italy.

It’s thought the country could be moving closer to defaulting on its debts.

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There’s speculation this morning that the ECB may NOT raise interest rates today, and may put any further increases on hold.

It comes as concern grows that the global economy could be facing another major downturn.

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