As Covid-19 sweeps across the globe, a recession looks unavoidable.
With the virus having started in China, the country clamped down hard on movement and the number of deaths appears to have stabilised. 'Double black swan' spells largest emerging market GDP decline on record The issue across Asia now is the second-order impacts of the crisis. These include developed market growth taking a hit as this has now become a global crisis; new cases being reintroduced into the region from returning nationals which could stymie the uptick in activity levels; and supply chain ramifications. From an investment standpoint, this changes not just the short-t...
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