How big a hit the Australian and global economy has taken?
We live in historic times. The devastating COVID-19 virus has had an unprecedented impact on markets around the globe with the flow-on effect to the global and local economy already well underway. Monetary and fiscal authorities are rapidly stimulating their economies, which will have far-reaching implications for investors’ portfolios and beyond. Oil has collapsed, while investors nervously await incoming economic data to see how big a hit the Australian and global economy has taken.