By Dasha Krasnodembskaya
By Mira Mansfield
By Anezka Ferreira
By John Lavelle
By Piroska Horvath
By Peter Hourston
By Marianna Panteli
By Zsofi Bajnai
The outbreak of COVID-19 left few parts of the global economy untouched, with national governments struggling to coordinate swift responses. A multi-trillion dollar stimulus package in the United States, and further measures from governments around the world, spurred equities over the week, leading to record gains.
Market Spice: Week of 16 March 2020 Governments moved globally to combat the spread of the coronavirus, and to mitigate the effects of these measures on their economies. Uncertainty about the duration of the outbreak, and the policies halting social and economic activity used to combat it, produced a painful week for markets. Goldman Sachs…
On Wednesday, the World Health Organisation officially declared COVID-19 a pandemic. Markets recorded both record losses and record gains as the U.S. confronted the outbreak, with the S&P 500 dropping 8.8% overall for the week.
By Delany Higgins Market Spice: Week of March 2nd, 2020 The spread of COVID-19 caused further volatility in markets this week, with the Organisation for Economic Cooperation and Development warning that the outbreak could halve global economic growth for the year. The OECD cut their global forecast to as low as 1.5%, from 2.9% prior…