Global markets felt the impact of China’s economic slowdown as investors grew concerned about the country’s growth prospects. The Shanghai Composite Index dropped by 3.7% while Hong Kong’s Hang Seng Index fell by 2.3%. These losses spread to markets in Europe and the US, with the FTSE 100 in London and the S&P 500 in the US both experiencing drops. The European Central Bank also cut its growth forecast for the Eurozone, reflecting growing fears of a global economic slowdown.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
