Wednesday, 4th March, 2020
What a difference a week makes. Financial markets have abruptly shifted from pricing coronavirus as a short, sharp, largely China-centric shock to something that more closely resembling a global recession. ASB expects some form of co-ordinated fiscal and monetary stimulus to be rolled out in time locally, but we caution that uncertainty is rife and it’s not the time to panic. Read our report for more details and see page 2 for our own take on the impact of COVID-19.