Financial Planning News

Coronavirus – economic implications

By December 18, 2020No Comments1 min read

Please click the link below to view Shane Oliver’s views on the economic and investment market impact of the coronavirus outbreak.

Key points raised are :

  • The coronavirus outbreak has led to concerns of a global pandemic triggering an economic downturn
  • Our base case is that the outbreak will be contained allowing share markets and bond yields to rebound.
  • However, uncertainty is high given that the coronavirus is more contagious than SARS albeit with lower mortality. 
  • Key to watch is a peak in new cases and contained transmission in developed countries. 

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