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Global markets: European commission warns of economic shocks

By Commodity News Service Canada

WINNIPEG, November 26 – The following is a glance at the news moving markets globally.

EUROPEAN COMISSION WARNS OF ECONOMIC SHOCKS
High public debt and weak growth could put France, Italy and Belgium at risk for economic shocks, the European Commission said on Thursday.

Economic shock is an unpredictable movement that can affect a region’s economy either positively or negatively. The commission told the three countries that structural reforms needed to be strongly considered.

RUSSIA CONSIDERING PUTTING ECONOMIC RESTRICTIONS ON TURKEY
Russia is considering putting multiple economic restrictions on Turkey, Russia’s economic minister said on Thursday.

One of the proposed measures includes restricting TurkStream, a gas pipeline.

ZAMBIA’S INFLATION RATE GROWS, ECONOMY IS STRAINED
Zambia’s inflation rate moved near 20 per cent in November, according to a report from the Central Statistical Office.

The jump has caused the World Bank to lower its growth outlook for the country to less than four per cent—the slowest seen since 1998.

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