The rising global toll from the coronavirus pandemic and the uncertainty over how far it may spread has left investors scrambling to gauge the financial fallout
NEW YORK - The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression.
But there is hope among some economists that economy will start expanding again later this year — depending in part on efforts to contain the virus, known as Covid-19. Stocks crumbled anew on Monday a day after the Federal Reserve took emergency action designed to cushion the economy, using tools similar to those the central bank deployed to help the country emerge from the 2007-2009 financial crisis.
Data out of China, where the pathogen originated late last year, underscored just how much economic damage the disease had already done with industrial output plunging 13.5% and retail sales 20.5%. Strategists at Deutsche Bank said in a note last week that the market’s recent volatility, marked by the swings of over 3% in the S&P 500, was coming at “a frequency previously seen only in the Great Financial Crisis and the Great Depression.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
'D' word rears head as coronavirus-hit markets brace for recessionThe coronavirus shockwaves rippling through U.S. stocks are forcing investors to...
Les mer »
Coronavirus has plunged the world into a recession, according to S&PThe coronavirus outbreak has plunged the world's economy into a global recession, according to S&P Global. The credit-rating agency says the virus has severely disrupted economic activity and the damage is about to get worse in the US and Europe.
Les mer »
Stocks Open Sharply Lower After Fed Slashes RatesU.S. stocks dropped sharply Monday morning, signaling markets continue to struggle with the concern that emergency measures won’t ward off a recession caused by the coronavirus outbreak.
Les mer »
European markets set to open higher as coronavirus crisis continuesEuropean markets are expected to open higher Tuesday despite the fast-spreading coronavirus shutting down the continent and fueling fears of an impending recession.
Les mer »
Italy pumps cash into coronavirus-hit economy as death toll passes 2,000Italy approved 25 billion euros ($28 billion) of spending measures on Monday to ...
Les mer »
Italy adopts 25 billion euro package to help coronavirus-hit economy: sourceItaly has adopted a decree worth 25 billion euros ($27.80 billion) to help suppo...
Les mer »