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Coronavirus | Impact of COVID-19 on the global markets: Lullu Krugel


Securities market in Europe as well as the United States are braced for their greatest drops because the global economic situation after the beginning of the trading week saw panic offering amid the dual hazard of a coronavirus-driven international recession and also an oil-price battle, over in New york city, stock exchange trading was quickly suspended after coronavirus fears set off a wave of marketing. The S&P 500 index plunged by 7% at the Wall surface Road open, which activated automatic circuit-breakers to allow financiers capture their breath. It follows significant losses on Asian markets on Monday where fears concerning the worsening globally economic downturn were exacerbated by the shock decision by Saudi Arabia over the weekend break to boost oil production in an effort to drive rivals such as Russia as well as the United States out of the marketplace. The cost of Brent petroleum dropped almost 30% to $31.14 on Monday, its greatest solitary autumn considering that the beginning of the very first Gulf war in 1991. Some experts anticipated that it can drop also additionally unless the Saudis and also Russians returned to the negotiating table. Lullu Krugel is a primary economist at PWC.

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2 Thoughts to “Coronavirus | Impact of COVID-19 on the global markets: Lullu Krugel”

  1. track trace

    🤔4005 deaths who can you blame

  2. Lelie tussen die dorings

    Oh how lovely and timely! Now South Africans NEVER need to blame themselves for their own massive part in their upcoming economic collapse. They can blame it on Corona for the next three centuries and forget all about all the ugly facts. Yes, very timely! Oh yes please do send out many media reports about the international effect of Corona virus and also throw in climate change so that you can totally help the people to blame shift. Slowly and unobtrusively stop talking about the real reasons and start focussing on these nice juicy new ones. Kind of the media, to always offer a scapegoat. Thank you media. I never have to look at myself. I can just blame another. I can also never improve my lot, but that’s OK….because it’s too much hard work anyway. And I can’t bear to hear that I miss the mark and actually need to do some growth in life. Oh no, we can’t offend anyone but especially never can we offend ourselves.

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