2020 stock market crash  

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The 2020 stock market crash is a global stock market crash that began on 20 February, 2020.

Multiple indexes such as the Dow Jones Industrial Average, Nikkei 225 and the S&P/ASX 200 all fell into a correction late February during one of the worst trading weeks since the financial crisis of 2007–08, thus starting what is now known as the 2020 stock market crash.

Global markets into early March became extremely volatile, with large swings occurring in global markets.

On 9 March, most global markets reported severe contractions, mainly in response to the 2019–20 coronavirus pandemic and a described Russia–Saudi Arabia oil price war.

This became colloquially known as Black Monday I, and at the time was the worst drop since the Great Recession in 2008.

Three days after Black Monday I there was another drop, Black Thursday, where stocks across Europe and North America fell more than 9%. Wall Street experienced its largest single-day percentage drop since Black Monday in 1987, and the FTSE MIB of the Borsa Italiana fell nearly 17%, becoming the worst-hit market during Black Thursday.

At least one benchmark stock market index in all G7 countries and 14 of the G20 countries have been declared to be in bear markets.

As of March 2020, global stocks have seen a downturn of at least 25% during the 2020 stock market crash, and 30% in most G20 nations. Goldman Sachs has warned that the US GDP will shrink 29% by the end of the 2nd quarter of 2020, and that unemployment may skyrocket to at least 9%.

Australian Prime Minister Scott Morrison has called the looming economic crisis 'akin to the Great Depression'.

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