The scale of the coronavirus outbreak has become so consequential that we should not ignore the aftershock. What should we expect between the control of coronavirus and the market normalisation?
We saw notable aftershocks after the global financial crisis (GFC) and the governments’ responses.
Optin Energy
Monetary policies would not seem effective as the issues would be catching up orders and ensuring stable supply chain rather than reviving demand, which was the case after GFC.
Given the current circumstances, the situation is evolving so fast. Both financial and capital markets are facing the worst market conditions. The inexperienced leadership in Saudi Arabia and opportunist Putin are making the market conditions worst by playing with the oil market.
Marquise
Indeed this is a crucial aspect, and we need to prepare for it. Interestingly, most governments have different response approaches for tackling the coronavirus. This is probably due to the lack of clear leadership in the world. Usually, in such a situation, the US leads the world, but what else can you expect from Mr Trump- probably some tweets.