Covid-19: Shocks & Crisis Ahead
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The global economy and markets will now be facing correction after the end of its lockdown. An instinctive impulse to exercise prudence in investing and lending has already materialized worldwide. Should the consumer cut back significantly on spending due toCovid-19: Shocks & Crisis Ahead
The global economy and markets will now be facing correction after the end of its lockdown. An instinctive impulse to exercise prudence in investing and lending has already materialized worldwide. Should the consumer cut back significantly on spending due to fear of infection, the impact on real economy will be very serious. “A black swan in the market is an event that has catastrophic and unpredictable effects that render useless models based on data” as per the Financial Times. In August 2007, the financial crisis of the housing sector in the United States led to a full blown... Read more