CLEAN: World stocks extend freefall on recession, bank fears

The video discusses how stock markets depend on growth and the impact of reduced expectations, leading to sell-offs. Economic issues have spread from the US to Europe, causing a slowdown in major economies like China. This could lead to a global recession. Markets are uncertain and await policy support, especially from the Jackson Hole Conference. In times of turmoil, investors turn to safe havens like the Swiss franc and gold, indicating broader economic distress.

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