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Worldwide market losses accelerate; Dow sinks 3.1%

U.S. stocks fell sharply Friday and were on track for their worst week since October 2008 as the spreading coronavirus threatens to derail the global economy.

Virus depressing US growth after 2.1% rise in Q4

Economists have been downgrading their forecasts for the first quarter of this year as fears of the virus’ impact have escalated.