Coronavirus: Economic situation analysis

Over the past few weeks, we have witnessed sharp declines in all global equity markets accompanied by other strong movements in most financial assets.

European stock markets have experienced around 30% in just two weeks, while in other countries, such as Brazil, falls reached 50% compared to the levels at the end of last year.

The reason behind these sharp declines is the spread of the COVID-19 virus, commonly called the Coronavirus, and its foreseeable effects on the global economy, corporate profits, and productive fabric.

We consolidate our position in the market against Coronavirus

During the last two weeks, we have witnessed a worsening of the effects of the coronavirus on a global scale; showing that the problem is far from being under control and that it is reasonable to assume that several months of uncertainty lie ahead of us.

The lack of past experience in this type of situation and the “unknown unknowns” about the virus makes it difficult to offer any definite statements about future developments.

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