Market Update 24.3.2020

Over the last week, the rapid spread of Coronavirus has impacted our lives in ways that were unimagined not so long ago. We just have to look at supermarket shelves being empty of essential items and the locking down of international borders for clear examples.

The impact to the global economy is also significant. Company’s earnings will be impacted due to the changing supply and demand dynamics, which will, in turn, see the unemployment rate increase. This will place further pressure on the global economy that is still relatively fragile post the GFC slowdown.