The Covid-19 pandemic has unleashed chaos in financial markets and threatens to inflict long-term damage to the global economy if the crisis response is not managed effectively. Though all efforts at present are aimed at stemming the physical contagion, concurrent efforts are needed to mitigate the financial and economic damage. 

For investors there is a sense of déjà vu akin to 2008. Indeed, questions are starting to emerge around how the coronavirus fallout will compare with the global financial crisis. Though there is an eerie similarity to the 2008 recession, the current crisis is very different from the global financial crisis for five main reasons:..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now