ECP | Luxemburg, 31.01.2020
In his speech on Wednesday this week, Fed chairman Powell commented on the spread of the novel coronavirus “Coronavirus outbreak is likely to cause disruption in China and globally; uncertain what macroeconomic effects will be at this point.” Stock-markets have been quick to adjust to this new risk factor and its potential impact on trade and economic growth. China is indeed important as it represents 18% of the world economy and any slowdown in Chinese consumption will be felt worldwide.
Mit freundlichen Grüssen aus Luxembourg
Léon Kirch, CIO & Partner
