With the current political and economic risks that seem to be mounting on a weekly and monthly basis the whole world could be heading for a prolonged economic slowdown or recession
The spread of COVID-19 is being felt globally across many businesses in ways that are difficult to model and assess. Global manufacturers face supply chain disruptions due to transport restrictions and quarantine measures placed in the light of containing the virus. Buyers' sudden cessation of purchase orders is likely to hit suppliers hard. Read Pandemic means for Supply Chain Financing http://www.radio.finance/what-the-pandemic-means-for-supply-chain-financing
The global slowdown is becoming apparent in the financial markets, with key market indexes across the various geographies showing a sharp decline. With Chinese production having halted for almost a quarter, there has been a severe disruption in the global supply chain.
The pandemic is adversely affecting different business sectors and has become one of the biggest threats to the global economy. With more domestic travel restrictions and social distancing measures, governments are coming to realise that an economic slowdown is inevitable. Read this blog http://www.radio.finance/global-outlook-and-impact-on-financial-services-industry
"SPLASH CRASH" Global Economy Alarm Bells Ring Wall Street Falls 4% Recession Fears Hammer Stocks & Commodities. Wall Street Falls Sharply for 4th Day! Gold, silver tumble in broad market sell-off. Most commodities remained under pressure today, pressured by the strength in the dollar and concerns about the status of global economies