Financial expert Coronavirus: stop eating the economy

On the stock exchange of virus worries, hardly a trace: stock investors Worry about the economy, despite the spread of the novel Coronavirus and related mood ye

Financial expert Coronavirus: stop eating the economy

On the stock exchange of virus worries, hardly a trace: stock investors Worry about the economy, despite the spread of the novel Coronavirus and related mood yet not sustainable destruction. The German benchmark index, the Dax holds for weeks at a historically high level, other barometers such as the Dow-Jones Index in the USA show up. Even the stock exchanges in mainland China are again on the road to recovery, although the Sars-CoV-2 Virus is spreading more and more.

"The Corona epidemic has shaken up the markets in the short term, a mess. Meanwhile, the stock prices recovered considerably" according to the Commerzbank experts recently. A similar picture was shown in the case of the Sars epidemic. At that time, the stock prices recovered in March 2003, although the number of Sars infections rose until June 2003. For weeks, the number of Coronavirus infections is increasing in China, more and more. Nevertheless, investors seem to have the issue now checked, as well as the gloomy economic prospects.

The Virus is from China, "eats through the economy,"

The longtime chief of investment company Pimco, Mohammed El-Erian, holds this optimism, however, is exaggerated. "The General expectation of Economists is of a v-shaped development of the Chinese economy: there is a significant drop in the first quarter of this year, followed by a very rapid recovery in the second quarter. I think that is the Moment for far too optimistic," he said in an Interview with the "mirror". "Because, first, there is a very large uncertainty about how the Situation around the Virus actually is. And secondly, we observe a sudden stop, eats the economy. Every day we Wake up and hear new reports of economic consequences within and outside of China.“

As examples of El-Erian announced that companies such as Burberry and Apple, have reported significant sales losses in China. In addition, important supply chains for the auto industry were interrupted: "It is not often that an economic shock supply and demand hits at the same time," says El-Erian. "That's why I'm a bit concerned as the current economic expectations." René wants to return: So you can give your child to the age of 18. nearly 90,000 euros from the state FOCUS Online René wants to return: So you can give your child to the age of 18. nearly 90,000 euros from the state

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Date Of Update: 20 February 2020, 15:00
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