global economy

It’s good news that after almost two months of containment the number of contagious people is down. But a recent analysis on the Covid-19 epidemic suggests that the virus is still persistent.

“This time will be worse than the global recession of 2001,” says chief economist Chetan Ahya, "he underlying damage from both Covid-19’s impact and tighter financial conditions will deliver a material shock to the global economy," he adds.

As recession risks rise, the Singapore economy is looking at a 0.9% y-o-y contraction for the first quarter as the pandemic continues to spread.

Global financial markets are being pushed into bear levels as investor panic hits a crescendo, but here's some advice for investors.

Here's what to look out for in the global economy this week.

The Dow components then included some counters that are still thriving — General Electric, US Steel and Western Union. Other companies such as Utah Copper and Westinghouse have merged into Chevron Corp and Rio Tinto.

Of course, the legitimacy of the PN government under Muhyiddin’s leadership will be tested when the Dewan Rakyat reconvenes on May 18, which means he has two months to get a stronger grip on things.

Study the charts, identify a good bargain, and study the company’s fundamentals to determine when your stock price has hit rock bottom, and if it is worth buying in during this time.

“We believe that 2020 is likely to be a year of two halves: the first half will be spent dealing with safety, containment, continuity, and contingency planning,” says President of Korn Ferry for Asia-Pacific Michael Distefano.

The oil crash sent shockwaves across markets, with US stocks going through one of the biggest sell-offs since the financial crisis,