Covid-19 hammers global markets with PMIs plummeting
Investors seem ‘unconvinced’ by unprecedented, and almost infinite, central bank stimulus as IMF expects a global recession
24 March 2020 - 12:32
Paris/Hong Kong — Evidence that the coronavirus pandemic is hammering the global economy mounted on Tuesday as business activity surveys from Australia and Japan to Western Europe showed record falls, with data for the US expected to be just as dire.
“The coronavirus outbreak represents a major external shock to the macro-outlook, akin to a large-scale natural disaster,” analysts at BlackRock Investment Institute said in a note...
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