Impact of Covid-19 on the global economy: Beyond the abyss
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We’ve witnessed an immense human tragedy as the covid-19 virus has spread around the globe. Amidst the awful numbers of people who have succumbed to the disease, we’re also now witnessing an incredibly painful economic downturn. In a new podcast episode where we look at the data,
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The desk posits that while global growth is on a declining trajectory, China's post-COVID economic resurgence presents a nuanced narrative that could influence FX markets. Per the full note from Standard Chartered, the uneven distribution of growth benefits across sectors raises questions about sustainability and potential volatility in currency pairs. Current consensus targets reflect a cautious optimism, with key players adjusting their forecasts in light of these dynamics. Traders should remain vigilant as market sentiment evolves in response to these developments.