Feb. 28, 2020

Perspective on the Global Impact of the COVID-19 Outbreak

The COVID-19 is an evolving situation and remains fluid. An analysis of optically similar events in the past suggests that the effect on markets would be limited in the longer term. That said, the very characterization of this type of shock is that it will chart its own path and a variety of outcomes remain in play. It is clear that the current situation will have a near-term economic impact; the key questions are the severity and duration of the downdraft, followed by the degree of support (both monetary and fiscal) provided as remedy.

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