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Monthly Pulse, 30. April 2020

Review and Economic Outlook

Roger Ganz, Head Asset Management
Clarus Capital,  30. April 2020

REVIEW AND ECONOMIC OUTLOOK

The economic damage caused by the restrictive official measures in the fight against the spread of the coronavirus take on enormous dimension. The global economy is therefore threatened by the most severe crisis by far in the post-war period. While China experienced the economic slump in the first three months of the year, the effects of the corona crisis were felt in the USA, Europe and the rest of the world, they only became apparent towards end of the first quarter and to their full extent at the beginning of the second quarter. As a result, the growth forecast for the global economy was again adjusted significantly downwards.

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Clarus Capital Group AG

Independent Wealth Manager and Multi-Family Office