Jody Jonsson | Source | Portfolio Manager at Capital Group
Jody Jonsson
Portfolio Manager at Capital Group
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Coronavirus rattles markets: What's next for global growth?
Global stocks fell sharply on Monday following confirmation that the coronavirus has spread to Italy, South Korea and Iran, raising fresh questions about the potential impact on global economic growth and business sector supply chains dependent on China.After reaching a record high on February 17, the S&P 500 Composite Index...
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Until this week, the consensus market view of the coronavirus has been fairly benign, but now as it spreads beyond Asia, investors are clearly taking it more seriously. The market is starting to consider what it means for global trade and travel. The bond market is worried about recessionary conditions in certain areas, including China, Japan and potentially Europe.
