MACRO PICTURE
COVID-19 Will Trigger a Massive Shock to the Global Economy and Markets
By Nouriel Roubini and Brunello Rosa
25 February 2020
In this paper we discuss:
- The latest news on the diffusion of Coronavirus at global level;
- The current estimates of the impact of COVID-19, and why they are optimistic;
- What's the real likely impact of COVID-19 in the medium term;
- Why the policy response is likely to be slower and smaller than expected; and
- The market implications of all the above.
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