Marc-Antoine COLLARD, Chief Economist, Head of Economic Research, Asset Management, Europe
Understanding the impact of today’s coronavirus outbreak on the global economy is all about identifying the transmission channels. A significant drop in economic growth in Q1 2020 is expected, although stimulus measures could facilitate the recovery. In fact, most investors have concluded that this is only a temporary cloud, expecting a V-shaped pattern for growth during H1 2020. However, uncertainty remains which has not escaped sovereign bond yields renewing their downtrend, once again diverging from the equity markets.
Read more...
