ECP | Luxemburg, 08.05.2020
On the surface, market commentators may easily come to the conclusion that there is a growing gap between the real economy and the stock markets.
The economic impact of the crisis is being felt more painfully day by day. Unemployment in the US is rising from 4% to 16% with more than 20 million jobs destroyed in April alone. IMF states that the global economic outlook has continued to worsen since mid-April and is now forecasting that developing nations financing needs probably will by far exceed the 2.5 trillion USD the IMF has projected previously.
Mit freundlichen Grüssen aus Luxembourg
Léon Kirch, CIO & Partner
