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FTSE 100 Plunges On Growth Worries

(RTTNews) - U.K. stocks plunged on Friday to extend losses from the previous session as
new coronavirus outbreaks in Asia, Europe and the Middle East sparked fears of a global pandemic.

The head of the World Health Organization warned the deadly epidemic was now at a "decisive point" and has the potential to become a pandemic.

As the virus spreads rapidly around the world, investors fear that there could be a global recession this year.

The British economy, which relies to a large extent on tourism revenues and manufacturing, is already seeing the impact, the outgoing Bank of England governor Mark Carney told Sky News.

Meanwhile, the U.K. has warned the EU it will walk away from negotiations for a new free trade agreement if significant progress is not made by June.
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