Fears of coronavirus (COVID-19) getting a tighter grip over most countries has triggered a panic across financial markets over the past few weeks. Most analysts have trimmed their growth forecast for the global economy, financial markets have been rattled by the developments.
Global share prices headed for the worst week since global financial crisis (GFC) in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world. Hopes that the epidemic that started in China would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China. READ MORE HERE
Here’s how leading brokerages have assessed the impact of this health scare on economy and markets.
The overall evidence points to a