It had earlier predicted a 20 percent chance of the viral outbreak turning into a pandemic. Economists of the agency have said that the earlier prediction that the spread of the novel coronavirus infection would be contained within the Chinese borders was an optimistic one, adding that the possibility of the same turning into a pandemic are on the rise. … [Read more...] about Coronavirus as a pandemic? Odds have doubled to 40%, says Moody’s Analytics
Directorate general of foreign trade
That said, it’s worth remembering that whatever growth we have in the advanced economies has been achieved thanks to ultra-low interest rates and a tsunami of liquidity. The big question is: what happens when the cocaine pipe is withdrawn? For the markets, the mayhem in December provided the answer. Sure, the market now believes the Fed will kick the can down the road once again. But as a report from the United Nations Conference on Trade and Development (UNCTAD) underlined: “The landing is likely to be harder, and the external effects more damaging, the more prolonged the speculative spiral.”Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Opinion | Central banks’ ride to rescue the markets once again
However, being an advertising company, Facebook is dependent on overall economic growth. And with recessionary fears looming large, big corporates are expected to cut their advertising spends. With that said, Facebook caters to a varied audience, consisting of both small and big advertisers, some of whom have not been impacted by coronavirus just yet. … [Read more...] about As coronavirus halts US stocks’ rally, can FAANG offer safe place to investors?